If you have a recorded mortgage on your real property, you may qualifiy for the Mortgage deduction. Read carefully the qualifying guidelines given below:

Instructions and Qualifications for the Mortgage Deduction:

• Applicants must be residents of the State of Indiana.
• Applications must be filed during the periods specified. Once the application is in effect, no other filing is necessary unless there is a change in the status of the property of applicant that would affect the deduction.
• Any person who willfully makes a false statement of the facts in applying for this deduction is guilty of the crime of perjury and on the conviction thereof will be punished in the manner provided by law.
• 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.
• Authority for signing a deduction application may be delegated only by an executed power of attorney or by IC 6-1.1-12-.07.
• A contract buyer must submit a recorded copy or recorded memorandum of the contract, which contains a legal description with the first statement filed for this deduction.

Ownership for deduction purposes, begins as of the date stamped on the deed or contract by the Recorder's Office (referred to as the Recorder's date). 

WARNING: You must click the "Submit" button after completing the Mortgage Deduction Form!  Failure to do so may result in no filing and consequently, no deduction!  If you do not receive a confirmation of your filing be email within two (2) business days, call the Auditor's Office to confirm receipt of your filing!

Mortgage Deduction Application

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