Indianapolis Area Real Estate Blog

Are Your Exemptions Filed?

I recently spoke with a homeowner who did not have their Homestead Exemptions filed. The impact on their taxes was $600.00 a year. Being in their third year of ownership, this simple process has cost them $1800.00. I don’t like paying more in taxes than I have to!

When you sign your documents at the Title Company, you will receive the paperwork to file your Homestead Exemption. It is so easy to forget to go through the stack of papers and send in the document. Most buyers breath a sigh of relief, thankful they have made it to signing and now own their home. The Title Company recommends you send it in after you have made your first payment.

The form actually has to be submitted by June 10th and you have to be the homeowner as of March 1st of the year you submit the application. Anytime you refinance or have a deed change, the paperwork must be resubmitted. You can find complete list of available exemptions in Indianapolis here. Download the forms you need or submit them online.

Additional deductions are available for the following: MORTGAGE DEDUCTION DEDUCTION FOR PERSONS OVER AGE 65 OR SURVIVING SPOUSES DEDUCTION FOR BLIND OR DISABLED PERSONS TOTALLY DISABLED VETERAN PARTIALLY DISABLED VETERAN You can contact the Auditor’s office for information on additional deductions for the following:

  • World War I Veteran or Spouse
  • Solar Energy
  • Wind Power Device
  • Hydroelectric Power Device
  • Geothermal Device

Information Resource for other County Goverment Offices:

Boone County

Hamilton County

Hendricks County

Johnson County

Hancock County


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