What is the transfer fee when transferring a deed?
There is a $5 transfer fee for any deed processed through the auditor’s office. If there is a sales disclosure, then there will be an additional $10 fee. A sales disclosure is considered exempt and will not be charged if it is due to a foreclosure, sheriff sale, or to a nonprofit organization. If there is any money changing hands for the transfer of the property, then it will be non-exempt, and must be checked by the assessor’s office before we can process the deed.
If you have any questions regarding transfer fees please feel free to contact our office at (812) 358-6123.
Do I have to re-file my exemptions if I refinance?
You will need to come in and re-file a mortgage exemption when you refinance. It is best to wait at least three weeks after you close on the new mortgage before coming in; this is to give the mortgage company time to record the new mortgage with the county recorder’s office. All other exemptions will stay on the property unless you move or change the owner’s name.
Is there a deadline for filing exemptions?
Exemptions must be filed by December 31 to go on the taxes payable for the next year. For mobile homes the deadline is March 31 and the title must be in the applicant's name by January 15 for the exemptions to go on taxes payable for the current year.
Example: If you file an exemption for a mobile home in February 2010, the exemption would go on the taxes payable in 2010 as long as the applicant's name was on the title by January 15, 2010.
Example: If you file an exemption for a real estate property any time from January 2009 through December 2009, it would go on the taxes payable in 2010.
Do I need to inform the auditor's office when I pay off a mortgage?
No. The mortgage holder will record a release of mortgage with the recorder’s office when the mortgage is paid off. The auditor’s office will be given a list of mortgages that have been released, and then the mortgage exemption will be removed from the property taxes.
The assessed value of my property is too high, what should I do?
The assessor’s office is responsible for assessed values. If you have had an appraisal done on the property, you can bring in a copy of the appraisal and appeal your assessed value. An appeal must be filed by June 4 of the prior year.
Example: An appeal filed in May 2009 would reflect the assessed value of taxes payable in 2010.