Property Returns – Has Your Value Changed?
In Douglas County, the deadline to file your PT-50R real property return is April 1st. This is also the deadline to file for homestead exemptions.
Returns must be filed if:
- You purchased or acquired property during the previous year;
- You made any changes during the previous year that would affect the value of your property, such as building or demolishing a house, remodeling, adding pools and decks, etc.;
- You wish to split or combine parcels;
Failing to file a return when required by the deadline will incur a 10% assessment penalty on the unreturned property plus interest at 1% per month, and possibly penalties from the date the tax would be due. Continue reading