STEPS TO ADDRESS BEFORE THE LAST BUSINESS DAY IN DECEMBER
Start the process by confirming the newly purchased property is showing in your name vs the prior owner. Johnson County gives you the ability to search for what exemptions exist online here. If the property is not showing in your name yet then this typically will require a call to the auditor’s office (see offices tab) or if you have enough time before the end of the year you can email or text Mitch and he will try to confirm this for you.
If you live in Johnson County AND You found the property is already in your name AND it’s before December 15th then I would encourage you to complete the application online, but you may also complete it in person or by mail. The Auditor’s Real Estate office is open from 8:00 A.M. to 4:30 P.M., Monday through Friday.
In order to submit the form online you must have the following before you access the application:
A personal e-mail address.
The last five digits of your Indiana Driver’s License number AND the last five digits of your Social Security number.
The last five digits of your Spouse’s Indiana Driver’s License number AND the last five digits of your Spouse’s Social Security number.
If your property is titled in the name of a trust you will need to mail a copy of the trust documents to the Johnson County Auditor’s Office.
If you or your spouse does not have a Driver’s License or Indiana State Identification Card, please contact the office at 317.346.4321 for instructions on how to complete the form.
Homestead Exemptions: You can also Complete & Submit the Homestead Deduction/Credit online here. Once you search and select/find your property scroll down to the bottom left-hand corner where you can Apply online for Indiana Homestead Property Tax Deduction.
Remember that taxes paid this year are actually for the prior year and taxes that relate to this year will actually be paid next year.
If you bought an existing home and the seller had a homestead exemption in place as of March 1, in the year you bought it, then the exemption should AUTOMATICALLY carry forward and be a deduction for this year’s taxes, payable next year.
To play it safe be sure to file for the exemption no later than the last business day in December.
Before completing the form please print out a copy for your records.
The Mortgage Exemption Has Been Eliminated
Mortgage Exemptions - BEGINNING IN 2023, THE STATE OF INDIANA HAS ELIMINATED THE MORTGAGE DEDUCTION FROM PROPERTY TAX BILLS. THE $3,000.00 MORTGAGE DEDUCTION HAS BEEN ROLLED INTO THE HOMESTEAD DEDUCTION FOR ALL FUTURE TAX CALCULATIONS.
If you're considering Buying or Building a Greater Indianapolis Area House, Townhouse or Condominium, then it's time to contact Mitch Rolsky. Understanding real estate tax exemptions is just the beginning of the expert advice and knowledge we can use to help you successfully find and buy your next home or investment property. Contact Mitch Today And Work With Mitch As Your Buyer's Agent!
As A Seller... "I always felt relaxed and like his only client."
I always felt relaxed and like his only client. It is without hesitation that we recommend Mitch Rolsky as a real estate agent for both the buy and sell side.
We have worked with Mitch twice in the purchase of a downtown Indy home and then with the subsequent sale of the same house just over 2 years later. Mitch's guidance allowed us to purchase the home in a desirable location at a price level that was at the lower end of the market range at that time. During the sale of the home, Mitch paid no attention to what the home was sold for earlier but focused on what the market would bear. Mitch focused on selling the value of the home and the location as opposed to price. He knows the market extensively and set a selling price and sales strategy that worked perfectly in a softening seller's market.
We moved because of a career change which forced us to move away during the sales process. Mitch took care of everything from there....in essence, we left our entire belongings in the care of Mitch. Friendly, detailed, trustworthy, knowledgeable and professional are but a few of the attributes of Mitch. Thanks Mitch....
As A Buyer... "Purchasing Indy real estate virtually from California during covid, was not within my comfort zone."
Purchasing Indy real estate virtually from California during covid, was not within my comfort zone. I needed an agent to patiently show me things as though I was there myself, speak with blunt honesty and find balance between my "desire" list and a stable long term investment.
Mitch doesn't miss a beat! He is highly intelligent, engaged with his clients - stellar communicator with a wealth of wisdom not only through the home buying process, but in life. I always felt relaxed and like his only client, yet knew he was doing much hard work in the background.
I've heard in life that "your realtor is your best friend!" Best friends work for your best interest; he was always right there and always told it like it was....so appreciated!!! He exceeded all expectations and hope to work together again in the future!
USE THESE RESOURCES & TOOLS TO HELP YOU MAKE THE RIGHT MOVE IN THE GREATER INDY AREA
Buyers
Thinking of buying a greater Indianapolis home, condominium or townhouse... While it's easy to see the asking price, let Mitch show you what the property should sell for based on other comparable places in your favorite greater neighborhood or development.
Thinking of listing your greater Indy home, condominium or townhouse... Are you curious to know what your place should sell for along with the selling prices, days on market, and list price to sales price ratios of other places in your neighborhood, development or area?