Auditor's Office

Mortgage Deductions

  • You must be a resident of the State of Indiana and only one mortgage deduction is allowed.
  • Mortgage balance must be over $3,000 to get a full deduction.
  • If the balance is less than $3,000, the current balance will be allowed.
  • The mortgage must be recorded in the Henry County Recorders office.
  • Can be combined with all other deductions.

Homestead Deductions

  • You must live in the property on March 1st of the year in which you file and it must be your principal place of residence.
  • 45,000 deduction from the assessed value or ½ of total residential assessed value (whichever is less).
  • Can be combined with all other deductions.

Over 65 Deductions

  • You must be 65 prior to January 1, of the year in which you file.
  • Your assessment cannot be over $182,430.
  • Your adjusted gross income cannot be over $25,000 (jointly) does not include non-taxable Social Security.
  • If you file a federal or state income tax return, we must have a current copy.
  • Maximum amount of deduction is $12,480.
  • Can only be combined with Mortgage and Homestead deductions.
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