REAL ESTATE NEWS from Brad Gough

Reminder About Property Exemptions

The homestead tax exemption is very important in Indiana because it reduces the amount of property taxes you pay on your home. All property exemptions must be filed no later than December 31st! You must re-file your exemptions if you:

1. Refinanced Your Home


2. Changed How You Hold Title


3. Purchased A New Home


In Indiana, the Homestead tax exemption exempts $45,000 from property taxes. They are called homestead exemptions because they apply to your primary residence, not rental properties or investment properties. You must live in the home to qualify for the tax break.

Indiana has a 1% property tax cap on primary residences, 2% on rental properties and 3% on commercial properties.

As a simple example, let us say the assessed value of your home is $200,000 and your property tax rate is 1%. Your property tax bill would equal $2,000. But if you were eligible for a homestead tax exemption of $45,000, the taxable value of your home would drop to $155,000, meaning your tax bill would drop to $1,550.

Additionally, Indiana exempts another $3,000 from property taxes if you have a mortgage on your home. In the example above, with a homestead and mortgage tax exemption in place the taxable value of your home would drop to $152,000, meaning your tax bill would drop to $1,520.

If you purchased a new home this year, the title company should have filed your homestead tax exemption for you. They do not however file your mortgage exemption for you. You will need to file for this at the county auditors office where you live. While you are filing for your mortgage exemption you should request a receipt from the auditor to ensure your homestead tax exemption is in place.


Auditors Offices

Boone County
201 Courthouse Square
Lebanon, IN 46052
765.482.2940

Hamilton County
33 N. 9th Street
Suite L21
Noblesville, IN 46060
317.776.8400

Hancock County
111 S. American Legion Place
Suite 217
Greenfield, IN 46140
317.477.1105

Hendricks County
355 S. Washington Street
Suite 202
Danville, IN 46122
317.745.9300

Johnson County
86 W. Court Street
Franklin, IN 46113
317.346.4310

Marion County
200 E. Washington Street
Suite 801
Indianapolis, IN 46204
317.327.4652

North Office
951 E. 86th Street
Suite 110
Indianapolis, IN 46240
317.327.4907

South Office
5226 Elmwood Avenue
Indianapolis, IN 46203
317.327.4191

East Office
7363 E. 21st Street
Indianapolis, IN 46219
317.327.8888

Northwest Office
7128 Waldemar Drive
Building 116
Indianapolis, IN 46268
317.327.4907

Listings To Share With Your Friends


Fishers - $315,000



Noblesville - $449,900



Fishers - $299,900


I Appreciate Your Referrals

It is a common misconception that a real estate agent primarily learns of someone looking to buy or sell a home when someone simply calls an agency looking for an agent to help them. Although this can happen, it is very rare. In fact, over 80% of the referrals I receive come from past clients and past coworkers just like you. The other 15-20% of referrals comes from our national network of relocation companies and other Coldwell Banker agencies across the country.

The greatest compliment I can receive is when someone like you refers me to a friend, coworker or family member of theirs. If you, or someone you know, are looking to either buy or sell a home then I would certainly appreciate the opportunity to earn your business. Do you know of someone looking to buy or sell a home?



Contact Brad Gough



Bradley Thomas Gough
Associate Broker



12401 Old Meridian Street
Carmel, In 46032

Email brad@btgough.com

Mobile (317) 590-3571

Office (317) 844-1131

Website www.btgough.com

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Charities Supported

There are so many great charities out there that and it is very hard to decide what to donate to. My wife Elissa and I have been very fortunate and have a good life. We simply can't donate to everything, however, we are very passionate about several different causes. We are sustaining members for the following organizations and encourage each of you to donate in any way you can to a cause that you are passionate about too.











The American Society for the Prevention of Cruelty to Animals





















































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