TIPPECANOE COUNTY, Ind. (WLFI) — Tippecanoe County Assessors are providing some relief to homeowners involved in the Lindberg Village house fires on Friday, Jul. 12.
On Tuesday morning, assessors evaluated the damaged homes and provided disaster relief forms to those owners.
The form provides a retroactive property tax cut. It'll remove the value of the home on their taxes despite what it was worth at the beginning of the year.
Tippecanoe County assessors conduct a home value assessment every year on Jan. 1.
Assessor, Eric Grossman. said the homes in this fire will have property taxes cut for this entire year.
“Even though it was a viable house on January first, because it was destroyed by a disaster thereafter, they can get the value of that structure removed and basically pay taxes on piece of vacant land because, for a big chunk of the year, they didn't have the functionality of the house,” said Grossman.
The form provides different tax cuts depending on the damage. The houses destroyed in the Lindberg Village fire are considered a total loss.
Grossman said the cause of the Lindberg Village house fires could bring a decrease in the value of surrounding homes.
He said it depends if the fire was man-made or a malfunction with the home.
According to Grossman, homebuyers may be hesitant to invest in a home with internal issues.
The cause of house fires is still under investigation. Tippecanoe County assessors won't know if these fires had an affect on the neighborhood until next January.
“Depending on the source, if they can definitively say it was something that was not a concern for anyone else, I think that would alleviate a lot of those concerns,” said Grossman. “I think when there's some uncertainty in a disaster like that, anyone looking in that area googling homes in that neighborhood is probably going to read a story about it.”
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