Absolute Title

Providing Full Title and Settlement Services

04/14/2022

Check this out for updates to the homestead and mortgage exemption!

House Bill 1260 enacted legislation eliminating the Mortgage Deduction beginning with the 2023 pay 2024 tax year.

The mortgage deduction is still in place for the 2021 pay 2022 year. When the 2022 pay 2023 taxes are determined, there will no longer be a mortgage deduction; instead, the homestead deduction has been increased from $45,000 to $48,000. The DLGF should be providing a new exemption form (the goldenrod form) soon.

You will want to confirm with your local auditor and assessor, but this should mean there is no need to file a mortgage exemption for the rest of this year since it will not be used in 2023 to determine the taxes due and owing.

The entire bill can be found here: http://iga.in.gov/static-documents/1/8/a/6/18a6e0a6/HB1260.06.ENRS.pdf. The most pertinent pages are on 10-11 and 24.

04/11/2022

Today Absolute Title received an award for being a top producer in the state of Indiana. I am so proud of my team and all their hard work. I would like to thank my clients for trusting Absolute Title to be a part of your team. Without you this would not have been possible.