Fillable State Form 46021 - Sales Disclosure Form (Page 6 of 13) in pdf

INDIANA SALES DISCLOSURE FORM INSTRUCTIONS

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filing for the homestead standard deduction must provide their full legal name (as it appears in the records of the Social Security Administration),

the last 5 digits of the driver’s license (or state identification) number, and last five digits of their social security number. In addition, a married

individual must also provide their spouse’s legal name (as it appears in the records of the Social Security Administration), last 5 digits of the driver’s

license (or state identification) number, and last five digits of the spouse’s Social Security number. In the event that these numbers are not

available, the individual may use a federal identification number such as the Permanent Resident Card (“A”) number. This information is kept

confidential to the extent possible under Indiana law. Failure to provide this information may result in the inability of the individual to receive the

deduction.

When an individual becomes ineligible to receive a standard deduction they must notify the county auditor of the fact within 60 days of

the date they first lose their eligibility. Failure to do so may result in substantial financial penalties, including the repayment of up to

three years of unpaid taxes and a 10% penalty on taxes owed.

The sales disclosure form may also be used to reapply for items 4‐7 below to the extent that they already exist on this property, and state form

18865, Statement For Deduction Of Assessed Valuation (Attributed To Solar Energy System / Wind, Geothermal or Hydroelectric Power Device), is

on file at the county auditor. The buyer(s) must identify all that apply to the property included on the sales disclosure. In addition, these deductions

may require additional certification from the Indiana Department of Environmental Management; therefore, the buyer should work with the county

auditor’s office to determine what is needed to receive these benefits.

State if this property will not be the buyer's primary residence. Provide complete address of primary residence, including the county of the

residence.

State if the buyer has a homestead that will be vacated for this residence. If yes, provide complete address of the residence to be vacated,

including the county of the residence.

Homestead – includes homestead standard deduction and supplemental homestead deduction. If selected the property is eligible for both the

standard and supplemental deductions using the sales disclosure form.

Solar Energy Heating/Cooling System – state if this property has a solar energy heating/cooling system.

Wind Power Device – state if this property has a wind power device.

Hydroelectric Power Device – state if this property has a hydroelectric power device (state form 18865 must be on file).

Geothermal Energy Heating/Cooling Device Deductions – state if this property has a geothermal energy heating/cooling device (state form

18865 must be on file).

Is this property a residential rental property? Identify if this property will be used as a rental property.

Would you like to receive tax statements for this property via e‐mail? Under HEA 1344‐2009, a county may elect to offer taxpayers the option

to receive property tax bills electronically. In these counties a property owner may file with either the county treasurer or county auditor to

receive electronic statements. If a taxpayer elects to receive electronic statements, the choice remains in effect until the taxpayer changes e‐

mail addresses, or requests otherwise. Only one electronic statement can be sent per property; therefore, the person or entity exercising the

option must designate a single individual to receive the statement. If an individual requests electronic statements in a county that does not

offer them, the e‐mail address will be held until such time as the county chooses to adopt the option. If a taxpayer chooses to change this

preference, State Form 53954 (Authorization for Receipt of Electronic Property Tax Statements) must be filed.

You may also be eligible for other credits or deductions for which separate application may be required.

The buyer/grantee, seller/grantor or their representatives must sign one (1) sales disclosure form, or if the parties do not agree on the information

to be included on the completed form, each party must sign and file a separate form. For conveyance transactions that involve more than two (2)

parties, it is sufficient for one (1) transferor and one (1) transferee to sign the SDF. If anyone other than the buyer/seller or an attorney of the

buyer/seller is signing the form, a properly executed Power of Attorney must be completed and attached. A person who knowingly and

intentionally falsifies value of transferred real property, or omits or falsifies any information required to be provided in the sales disclosure form

commits a Class C felony.

PART 2 – COUNTY ASSESSOR

The county assessor must verify and complete items 1 through 14 and stamp the sales disclosure form before sending to the auditor. The county

assessor is responsible for verifying the following information specific to each parcel included in the sales disclosure form:

Parcel ID. The parcel ID for the parcels covered on the sales disclosure form must be verified as correct and valid.

AV Land. The most recent assessed value of the land for each parcel.

AV Improvement. The most recent assessed value of improvement(s) for each parcel.

Value of Personal Property. The most recent assessed value of the personal property identified for this parcel, or an estimated value for the

personal property identified as determined by the county assessor.

AV Total. The most recent total assessed value for each parcel.

Property Class Code. The property class code maintained within the computer assisted mass appraisal system.

Neighborhood Code. The neighborhood code maintained within the computer assisted mass appraisal system.

Valid state assigned tax district.

Acreage. Lot sizes must be converted to numeric acreage.

Additionally the following information must be provided for the sales disclosure form:

10. Identify physical changes to property between March 1 and date of sale. The county assessor is responsible for determining whether or not

significant physical changes have been made to the property between March 1 and the date of sale (conveyance date).

11. Is form completed? The county assessor has verified form has been properly completed.

12. Sales fee required? The county assessor should indicate if county auditor should collect a sales disclosure filing fee. The sales disclosure fee is

not required for table B items 13‐15.

State Form 46021 - Sales Disclosure Form Page 6

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