Evening Republican, Volume 17, Number 63, Rensselaer, Jasper County, 14 March 1913 — Now is the Time to File Tour Mortgage Exemptions. [ARTICLE]

Now is the Time to File Tour Mortgage Exemptions.

Under a state law the time for filing mortgage exemptions is from the first day of this month to the first of May. As the total money saved to the taxpayers annually amounts to thousands of dollars, everyone who can should avail themselves of the opportunity at once. No exemption can be /filed after the first of May. For the benefit of our readers we print the following from the Indiana statutes: “Any person being the owner of real estate liable for taxation within the state of Indiana, and being indebted in any sum, secured by mortgage upon real estate, may have the amount of such mortgage indebtedness, not exceeding seven hundred dollars, existing and unpaid upon the first day of March of any year, deduced from the assessed valuation of mortgage premises for that ( year, and the amount of such valuation remaining after such deduction shall have been made, shall form the basis for assessment and taxation for said real estate for said year; no deduction shall be allowed greater than onehalf of said real estate. "Any person desiring to avail himself or herself, of the provisions of this act shall, between the first day of March and the first day of May, of each year, file with the auditor of the county wherein said estate is situate a sworn statement of the amount of each mortgage indebtedness existing and unpaid on the first day of March of that year, giving the name and the residence of the mortgagee, and the residence of the assignee or bona fide owner or holder of said mortgage if known, said person shall state that fact, and shall also state the record and page where said mortgage is recorded, and a brief description of the real estate upon which incumbrance exists.” ' Any person desirous of taking advantage of mortgage exemptions shall file a sworn statement of the amount* of said mortgage indebtedness unpaid on, the first day of March of this year. Exemption blanks may be procured of the auditor and filled in and sworn by any notary. It matters not how long the mortgage runs, a new state-j ment has to be filed each year to get advantage of the exemption.