Mortgage Deductions

Mortgage Deductions

Eligibility Requirements
A person who has a mortgage may also receive a deduction. Any person regardless of age qualifies for a deduction from: 
  • The assessed value of mortgaged real property he or she owns
  • The assessed value of mortgaged real property he or she is buying under a contract that states he or she will pay the property taxes on the real property

The amount of the deduction from an assessed value a person may receive is $3,000. On mobile homes it is up to one-half of assessed value if the value does not succeed $6,000. 

Resources

Auditor's Office

Staci Eglen (812) 358-6161 email