Just a reminder that if you bought a new Hamilton County home or refinanced your home this year, you have until Dec. 31st to file for both your mortgage tax deduction and your homestead deduction, if you are eligible. Your Indiana property tax deductions must be filed by the Dec. 31 deadline in order to receive credit on next year's property tax payments.
Remember that these deductions can save you THOUSANDS of dollars!
If you have already filed for your Indiana property tax deductions, you don't need to refile unless there is a new mortgage or a deed change on the home, or if the property has been put in a trust. Also remember that you can save money even if you do not have a mortgage on your home.
Credits and requirements for filing Indiana property tax deductions include:
MORTGAGE DEDUCTION
$3,000 deducted from assessed value of property. For properties closed after July 1, 2008, new procedures require the title company to file for the Homestead Exemption using the Indiana State Sales Disclosure Form (State Form 46201). The title company sends this form to the county recorder's office along with your deed. Although this is done automatically, it is in your best interest to call the recorder's office of the county in which the property is located to verify that this exemption has been filed. For more information on the new sales disclosure form, visit http://www.in.gov/dlgf/.
HOMESTEAD CREDIT
$35,000 deducted from the assessed value of property and 20 percent deducted from the net tax amount. Taxpayers are eligible for homestead credit on their principal residence, only. Homestead consists of dwelling and real estate not to exceed one acre. Homeowners must still personally file for the mortgage tax exemption. You can do this by taking a copy of the settlement statement you received at closing to your County or Township Auditor's or Assessor's Office .
Hamilton County Property Tax Deduction Filing Locations:
Hamilton County Auditor's Office
Historic Courthouse in Noblesville
33 North 9th Street, Noblesville
Monday - Friday----------8:00a.m. - 4:30p.m.
317.770.8895
Carmel/Clay Township Assessor's Office
10701 North College Avenue, Indianapolis
Monday - Friday----------8:00a.m. - 4:30p.m.
317.848.7116
Fall Creek Township Assessor's Office
For properties east of Cumberland Road
13166 Hamilton Commons Blvd., Fishers
Monday - Friday----------8:00a.m. - 4:30p.m.
317.770.3902
Delaware Township Assessor's Office
For properties west of Cumberland Road
9090 East 131st Street, Fishers
Monday - Friday----------8:00a.m. - 4:30p.m.
317.577.0501
Jackson Township Assessor's Office
820 South Peru Street, Cicero
Monday - Friday----------8:00a.m. - 4:30p.m.
317.984.8200
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