County auditor: transfers from LLCs typically require new homestead application
Marion County Auditor's Office staff told the board that when title moves from an LLC to individuals, homeowners generally must reapply for homestead deductions; staff said county systems do not automatically notify owners and the burden rests with taxpayers.
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Colleen Lewis of the Marion County Auditor's Office explained to the board that when property changes from an LLC to individual ownership the county treats that as a change in eligibility that normally requires a new homestead application. "The property went from EGG Realty LLC to individual names in 2024," Lewis said, adding that "that's one of the very specific situations where the Indiana code says that you have to reapply for a homestead deduction because those are separate legal entities completely."
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