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AUTHORIZATION for RECEIPT of ELECTRONIC PROPERTY TAX Indy  Form

AUTHORIZATION for RECEIPT of ELECTRONIC PROPERTY TAX Indy Form

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[Music] hi everybody i'm lynn wheeler the 2022 president-elect for the indiana association of realtors and i'm michael schmitz the vice president of the indiana title association today we're here with great news for you and homeowners for indiana there's a great change coming in 2023 to our mortgage deduction we are actually eliminating that state mortgage deduction and it'll be quick and easy it'll wrap into the homestead deduction previously that was 45 000 the homestead exemption going forward is going to be 48 000 which will equal that same amount as the prior mortgage deduction it's going to cut down on paperwork and make things a lot easier for homeowners going forward yeah uh the homestead deduction is obviously filed at the closing table with the title company you fill out the sales disclosure form the title company takes that files with the deed and applies your homestead deduction if if your primary residence and previously you would have to wait 30 days wait for your mortgag

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