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Damaged & Destroyed Form

Damaged Property Value Reduction

Dear Franklin County Property Owner:

You may be eligible for a reduction in your real estate tax bill if your property has been damaged by fire or other means. State law gives county auditors the authority to reduce real estate values for properties that have been damaged or destroyed. A substantial reduction in property value will result in a reduction in your real estate tax bill for your property until it has been essentially restored to its prior condition or value. The following leads to an application for property value reduction.

Property owners must file their applications following the time schedule printed below.

Please complete and return the application as soon as possible. State law prohibits the processing of applications received after the filing deadline.


Key Points:

Calendar Quarter In Which Property Was Damaged Application Deadline Percentage Deduction Allowed
January – March December 31 100%
April – June December 31 75%
July – September December 31 50%
October – December January 31 25%