Indiana Form 43709 PDF Details

In the realm of property ownership and taxation, navigating forms and understanding their relevance can be a formidable task for many. Among these, the Indiana 43709 form emerges as a critical document for homeowners seeking financial reprieve through a deduction from assessed property valuation. Recognized officially as the "Statement of Mortgage or Contract Indebtedness for Deduction from Assessed Valuation," this form enables property owners in Indiana to potentially lower the taxable value of their real estate or mobile homes, hence reducing their overall tax liability. The Indiana Department of Local Government Finance prescribes this valuable form, which is filed with the County Auditor where the property resides. Owners or contract buyers, under certain conditions, are eligible to apply within specified filing dates—each category with its own window. Critical sections of the form demand detailed information about the applicant, the property in question, any existing mortgage or contract indebtedness, and the applicant's legal claim to the property. Additionally, the form outlines the qualifications for applicants, emphasizing residency within the state of Indiana, and sternly warns against false declarations by attaching the potential charge of perjury. The process not only anticipates the direct involvement of the County Auditor in approval but also underscores the significance of such deductions in offering a financial buffer to eligible residents. Therefore, mastering the intricacies of the Indiana 43709 form and its proper submission can play a pivotal role in securing valuable tax deductions for Indiana residents, making it an indispensable artifact in the landscape of state-level property management and taxation.

QuestionAnswer
Form NameIndiana Form 43709
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesindiana state form 43709 instructions, in state form 43709, state form 43709, instructions to fill out indiana form 43709

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File Mark

STATEMENT OF MORTGAGE OR CONTRACT INDEBTEDNESS FOR DEDUCTION FROM ASSESSED VALUATION

State Form 43709 (R5 / 4-03)

Prescribed by Department of Local Government Finance

County

Township

Year

INSTRUCTIONS:

To be filed in person or by mail with the County Auditor of the county where the property is located.

Filing Dates: 1) Real Property: During the 12 months before May 11 of the year the deduction is to be effective.

2)Mobile Homes assessed under IC 6-1.1-7: Between January 15 and March 2 of the year the deduction is to be effective. See reverse side for additional instructions and qualifications.

Applicant (owner or contract buyer - see restrictions on reverse side)

Taxing District

Key number / legal description

Record number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page number

 

 

 

 

 

 

 

 

 

 

Assessed value of real property as of

Mortgage / Contract indebtedness unpaid as of

Is the applicant the sole legal or equitable

March 1, current year

March 1, current year

 

owner?

 

Yes

 

No

 

 

 

 

 

 

 

 

 

 

 

If no, what is his / her exact share of interest?

If owned with someone other than spouse, indicate with whom.

If name on record is different than that of applicant, indicate below:

Is the property in question:

 

 

 

Real Property

 

Mobile Home (IC 6-1.1-7)

 

 

 

 

 

 

 

 

 

 

Name of mortgagee or contract seller

 

 

 

 

 

Address of mortgagee or contract seller (number and street, city, state, ZIP

Name of assignee or other owner or holder of mortgage

Address of assignee (number and street, city, state, ZIP code)

Does applicant own property in any other county in Indiana?

If yes, what county?

What Taxing District?

Has this deduction been requested on property for current year? Yes No

COUNTY AUDITOR

Deduction approved in the amount of:

20 ______

20 ______

20 ______

20 ______

20 ______

20 ______

20 ______

Signature ________________________________ County Auditor

Date

I / We certify under the penalty of perjury that the above and foregoing information is true and correct and that the applicants was / were a resident of Indiana and owner of the aforementioned property on March 1, 20 ______.

Signature (owner's full name)

Person authorized by duly executed Power of Attorney

 

or by IC 6-1.1-12-.07

 

 

Full resident address of applicant

Address of authorized person

 

 

RECEIPT FOR FILING STATEMENT OF MORTGAGE OR CONTRACT INDEBTEDNESS

Name of applicant

Date filed

 

Name of mortgagee or contract seller

Amount of indebtedness

Taxing District

Key number / legal description

Signature ____________________________ County Auditor

 

 

Instructions and Qualifications

Applicants must be residents of the State of Indiana.

Applications must be filed during the periods specified. Once the application is in effect, no other filing is necessary unless there is a change in the status of the property of applicant that would affect the deduction.

This application may be filed in person or by mail. If mailed, the mailing must be postmarked before the last day for filing.

Any person who willfully makes a false statement of the facts in applying for this deduction is guilty of the crime of perjury and on the conviction thereof will be punished in the manner provided by law.

The deduction equals $3,000, one-half of the assessed value of the property, or the balance of the mortgage or contract indebtedness as of the assessment date, which ever is least.

Authority for signing a deduction application may be delegated only by an executed power of attorney or by IC 6-1.1-12-.07.

Signature of only one spouse is required for filing, when owner is a husband and wife as tenants by the entireties.

An Indiana resident who was a member of the United States Armed Forces and who was away from the county of his residence as a result of military service during the time of filing must file a claim for deduction during the twelve months before May 11 of the year next succeeding the year of discharge.

A contract buyer must submit a recorded copy or recorded memorandum of the contract, which contains a legal description with the first statement filed for this deduction.

How to Edit Indiana Form 43709 Online for Free

By using the online PDF tool by FormsPal, you're able to complete or change statement of mortgage or contract indebtedness right here. In order to make our tool better and less complicated to work with, we constantly design new features, with our users' feedback in mind. Starting is simple! All you have to do is take the following basic steps down below:

Step 1: Open the form in our tool by pressing the "Get Form Button" at the top of this webpage.

Step 2: This editor allows you to change your PDF file in a range of ways. Improve it with personalized text, correct what is already in the PDF, and add a signature - all when it's needed!

This form requires specific info to be entered, therefore be sure you take whatever time to fill in exactly what is requested:

1. Begin completing your statement of mortgage or contract indebtedness with a selection of necessary blanks. Gather all of the required information and make certain not a single thing left out!

state form 43709 r11 6 09 conclusion process clarified (part 1)

2. Just after this section is filled out, proceed to enter the suitable information in all these: If name on record is different, Is the property in question, Real Property, Mobile Home IC, Name of mortgagee or contract, Address of mortgagee or contract, Name of assignee or other owner or, Address of assignee number and, Does applicant own property in any, If yes what county, What Taxing District, Has this deduction been requested, Deduction approved in the amount of, COUNTY AUDITOR, and Signature County Auditor.

Name of assignee or other owner or, Has this deduction been requested, and If name on record is different in state form 43709 r11 6 09

You can certainly get it wrong when filling out your Name of assignee or other owner or, hence be sure you reread it before you finalize the form.

3. In this stage, review I We certify under the penalty of, Signature owners full name, Person authorized by duly executed, Full resident address of applicant, Address of authorized person, RECEIPT FOR FILING STATEMENT OF, Name of applicant, Name of mortgagee or contract, Amount of indebtedness, Taxing District, Key number legal description, Date filed, and Signature County Auditor. These will have to be completed with highest accuracy.

Date filed, Person authorized by duly executed, and Key number legal description of state form 43709 r11 6 09

Step 3: Glance through all the details you have entered into the blanks and then click on the "Done" button. Sign up with FormsPal now and easily get statement of mortgage or contract indebtedness, set for download. Every single change you make is conveniently kept , which means you can modify the document at a later stage anytime. FormsPal is invested in the confidentiality of our users; we ensure that all personal data entered into our system continues to be secure.

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