Miriam Odegard
United Real Estate Indianapolis
Remember to File Your Homestead and Mortgage Exemptions

File Your Homestead & Mortgage Exemption

Homestead and mortgage exemptions work by reducing the amount of assessed value a taxpayer pays on a given parcel of property.
Meaning, if you have a homestead deduction in place, you pay less in property taxes.
Who doesn't love that?

Here's how it works:

If you own a home as your primary residence in Indiana,
you are automatically entitled to a homestead
deduction.

However, you must apply for your homestead deduction.
Indiana offers other mortgage deductions, as well, and it's worth looking into if you qualify.
Your application for deductions must be completed and dated not later than December 31 annually.
Once filed, that's all there is to it.

You don't need to re-file every year; your deduction is in place until the property has a change in title (e.g., it's sold or transferred to someone else).
 When you apply, be sure to keep the receipt you are given as proof that you filed.
Deductions are entered manually (e.g., by people like you and me) and while they do the best they can, they aren't perfect.

You may also want to check your property tax records to see if they exemption is in place.
Deductions applied for prior to the annual deadlines will be applied to the next year’s tax bill.

Homestead and Mortgage Deduction forms

More about Indiana property taxes

Calculate your estimated tax bill