Filing A Mortgage Exemption In Indiana: A Guide

If you are a homeowner in Indiana, you can save money by filing for a mortgage exemption. This is also known as a property tax deduction, which helps reduce how much you pay in property taxes each year. If your home is your primary residence in Indiana, you can file for the homestead exemption. A homestead is defined as your primary residence (including a mobile or manufactured home), one garage, and up to one acre of land immediately surrounding the home. You can file in person, via mail, or online, depending on the county in which your property is located.

Filing in person

If you're an Indiana homeowner, you can save money by filing for a mortgage exemption, also known as a property tax deduction. This helps reduce your property taxes each year. To file in person, you should take the packet you received at closing to your county auditor's office and inform them that you need to file your mortgage exemption.

The process may vary slightly depending on your county, but generally, you will need to go to the Assessor's Office, which is located on the first floor of the Courthouse Building. Make sure to bring the packet you received at closing, as well as a form of identification, such as your driver's license, and your social security number. If you are married, you will also need the same information for your spouse.

It is important to note that the filing deadline for property tax deductions is December 31st, and the completed deduction form must be signed and filed by January 15th to reflect on the next printed tax bill. Additionally, you don't need to reapply for these deductions every year unless you sell your property, change your title, or refinance your home.

When filing for these exemptions, remember to get and keep the receipt, as it will be your only proof of filing. While it may take a little time and effort to file for these exemptions, the potential savings make it well worth the effort.

Filing via mail

If you are a homeowner in Indiana, you can save money by filing for a mortgage exemption. This is also known as a property tax deduction, which helps reduce how much you pay in property taxes each year. To file for a mortgage exemption in Indiana via mail, follow these steps:

Firstly, you will need to obtain the mortgage exemption form. You can do this by visiting the IN.gov website. Here, you should be able to find the relevant form to fill out. Ensure you fill out the form accurately and provide all the necessary information. This may include personal information such as your name, address, and contact details, as well as details about your property and its value.

Once you have completed the form, you will need to gather any supporting documentation. This may include proof of ownership of the property, such as a deed or title, as well as proof of your primary residence. If you are claiming any deductions or exemptions, you may also need to provide additional documentation to support your claim. For example, if you are claiming a homestead exemption, you may need to provide proof that the property is your primary residence and not a rental or vacation home.

After you have gathered all the necessary documentation, you will need to prepare your envelope. Make sure you have the correct address for the relevant county office and that you include your return address on the envelope. It is also a good idea to make copies of all your documents for your records before placing them in the envelope.

Finally, you will need to mail your completed form and supporting documentation to the appropriate county office. The address may vary depending on your specific county, so be sure to check the official county website or contact their office to obtain the correct mailing address. Keep in mind that there may be specific deadlines for filing, so it is important to submit your application on time. For example, the deadline for property tax deductions in Monroe County, Indiana, is December 31st.

By following these steps, you can successfully file for a mortgage exemption in Indiana via mail. Remember to keep accurate records and consider obtaining proof of postage or a receipt to ensure your application is received and processed correctly.

Filing online

If you are an Indiana homeowner, you can save money by filing for a mortgage exemption, also known as a property tax deduction. This applies if your home is your primary residence in Indiana and not a rental or vacation house.

To file online, you can visit the IN.gov website to obtain the mortgage exemption form. The process varies depending on the county in which your property is located. For example, for Monroe County, Indiana, you can submit all deduction application forms and any additional documentation by email to [email protected].

When filing for these exemptions, remember to keep the receipt as proof of your filing. You will only need to reapply for these deductions if you sell your property, change your title, or refinance your home.

Property tax deductions

If you are a homeowner in Indiana, you can save money on property taxes by filing for property tax deductions, also known as mortgage exemptions. This applies only to your primary residence in Indiana, not a rental or vacation house.

The first step is to determine whether you are eligible for a property tax deduction. If you are a Hoosier individual or married couple, you can only receive one homestead exemption on one particular homestead property in a year. A homestead is defined as your primary residence (including a mobile or manufactured home), one garage, and up to one acre of land immediately surrounding the home.

The homestead deduction can reduce the gross assessed value of your homestead portion of your property by up to 60% or $45,000. To file for this deduction, you will need to provide the last five digits of your social security number and driver's license number, as well as those of your spouse if you are married or any additional owners living at the residence.

You can file for property tax deductions in person, by mail, or online, depending on the county in which your property is located. If you file in person, bring the packet you received at closing to your county auditor's office and inform them that you need to file your mortgage exemption. If you file by mail, you can obtain the mortgage exemption form at the IN.gov website. For online filing, visit the website of your county auditor's office. Remember to keep the receipt as proof of filing.

The filing deadline for property tax deductions in Indiana is December 31st. However, if you are applying for certain specific deductions, such as the Circuit Breaker Credit, Blind or Disabled deduction, or the Totally Disabled Veteran's deduction, you must submit your application by January 15th for it to be reflected on the next printed tax bills.

Required documents

If you are a homeowner in Indiana, you can save money on property taxes by filing for a mortgage exemption. This is also known as a property tax deduction or a homestead exemption. To file for a mortgage exemption in Indiana, you will need to gather the required documents and file your application by the deadline.

The specific documents you will need to file for a mortgage exemption in Indiana will depend on your individual circumstances. However, there are some general documents that are typically required. These include:

• Proof of ownership: This may include a deed, title, or other documentation that establishes your ownership of the property.
• Identification: You will likely need to provide a valid form of identification, such as a driver's license or state ID card.
• Social Security number: Have the last 5 digits of your Social Security number handy, as this will be required on the exemption form.
• Spouse or co-owner information: If you are married or have a co-owner living at the residence, you will need their Social Security number and driver's license number as well.
• Proof of residency: You may be asked to provide proof that the property is your primary residence, such as utility bills or other official correspondence.
• Mortgage information: Have your mortgage documents and loan information ready, as this will be relevant to your application.

In addition to these general documents, there may be specific requirements depending on your situation. For example, if you are applying for a disability deduction, you will need to provide proof of your disability, such as a pension certificate, award letter, or statement from a physician. If you are over the age of 65, you may be eligible for additional benefits, but you will need to submit additional documentation as required by the state of Indiana.

It is important to note that the required documents may vary depending on the county in which your property is located. For example, in Monroe County, Indiana, the Assessor's Office will have most of the information needed to complete the homestead deduction form. However, it is always a good idea to contact your local county office or seek professional advice to ensure you have all the necessary documents before filing your application.

Frequently asked questions