Get Indiana Property Tax Benefits: State Form 51781 (r14 ...

In order to claim the Mortgage Deduction, the taxpayer must complete Form 43709 (Statement of Mortgage or Contract Indebtedness for Deduction from Assessed Valuation – https://forms.in.gov/Download.aspx?id=5071). It is filed at the county auditor's office where the property is located.

This means that beginning January 1, 2023, individuals will no longer be able to apply for this property tax deduction, and county auditors will no longer apply the mortgage deduction to property tax bills beginning the 2023 pay 2024 cycle.

Indiana law includes more than 40 property tax exemption statutes, including: Public airports. ... Charitable, educational and other purposes. ... Fine arts. ... Religious worship. ... Church-affiliated dormitories. ... Fraternities and sororities. ... Free medical clinics.

Digest. Freezes the property tax liability on a homestead of an individual who is at least 65 years of age and has maintained a qualified interest in the homestead for at least 10 years.

In the case of the homestead deduction, a property owner who changes the use of the homestead property and who fails to file a certified statement with the county auditor is liable for the amount of the deduction received plus a civil penalty of 10% of the additional taxes due.

NP-20A. To register for nonprofit status with the state of Indiana, submit a Nonprofit Application for Sales Tax Exemption (Form NP-20A) through DOR's e-services portal at INTIME.dor.in.gov. For more information, call 317-232-0129.

To file in person, you should take the packet you received at closing to your county auditor's office. Tell them you need to file your mortgage exemption. To file via mail, you can obtain the mortgage exemption form at the IN.gov website.