You must be a resident of the State of Indiana for all exemptions.

If you refinance or change your deed you will need to refile your exemptions.

Mobile homes are also eligible for these exemptions for up to 1/2 off the assessed value of the mobile home. You must own the mobile home by January 1st and file by March 31st of the current year.

You may be eligible for the homestead exemption if you reside on your property and it is your primary residence. (You must own the property). In addition to the 35,000 off of your assessed value you will receive the homestead credit of 10%.

*MORTGAGE EXEMPTION

AGE EXEMPTION (OVER 65)

BLIND / DISABLED EXEMPTION

DISABLED VETERAN EXEMPTION

EXPLANATION OF INDIANA REAL ESTATE TAXES

In the State of Indiana, real estate taxes are paid in arrears, and the taxes are due in two installments (half each, due May 10 and Nov. 10). This year’s payments are for last year’s assessed taxes. The owner of record as of March 1^st of the current year will receive the tax bills due in the current year, regardless of who is to make the payment – based on the purchase agreement and/or prorations done at closing. Tax bills are mailed by the County Treasurer before May 10^th for BOTH installments. No separate bill is sent for the November installment

Whatever exemptions were filed before May 10^th of LAST YEAR will remain in effect on the tax bills due in the current year. For property transferred before March 1^st, exemptions must be filed by May 10^th of the same year, to apply to the taxes assessed this year, payable next year. For property transferred after March 1^st, exemptions must be filed by May 10^th next year and will affect the tax assessed next year, due and payable the following year. Filing for appropriate exemptions is the sole responsibility of the taxpayer.

It is the responsibility of the taxpayer (current property owner as of the DUE DATE of the tax installment) to pay the taxes when they become due, whether or not the tax bill was received. Sellers who receive tax bills payable by the purchaser should forward them to the purchaser. Purchasers who have not received tax bills at least two weeks prior to the next due date should contact the County Treasurer’s office to obtain a copy of the tax bill.

Having a higher mortgage can be a huge tax benefit and one of the major benefits associated with real estate ownership. When you are purchasing a new home, it is important to understand the tax ramifications associated with it. Be sure to contact us if you have additional questions and enjoy the real estate tax resources below.

Would you like to be contacted about my real estate services for Valparaiso, Chesterton, Portage, Hobart, Crown Point, Kouts and surrounding Porter, Lake, LaPorte, IN areas? If so, please fill out the brief real estate request form below. Please note there is absolutely no obligation and all requests will be responded to in a timely fashion.