Did you buy or refinance your home in 2022? Make sure that you have filed a mortgage deduction at the county courthouse before the end of the year to lower your property taxes!
Deductions work by reducing the amount of assessed value a taxpayer pays on a given parcel of property. Application for deductions must be completed and dated not later than December 31 annually. Though, taxpayers do not need to reapply for deductions annually.
The deduction equals $3,000, one-half of the assessed value of the property, or the balance of the mortgage or contract indebtedness as of the assessment date, which ever is least.
It is also a great time to ensure that you are receiving your Homestead Deduction if you qualify!
Find the forms and more information here: https://www.in.gov/dlgf/deductions-property-tax/
