Mortgage & Property Taxes in Tippecanoe County, Indiana
Last Updated: August 2026
Have a mortgage on your home and wondering how it affects your property taxes? Here’s what Tippecanoe County homeowners need to know about mortgages, escrow accounts, property tax bills, and Indiana’s former Mortgage Deduction.
Quick Answer
Indiana no longer offers a separate Mortgage Deduction for property taxes.
The deduction was repealed beginning in 2023 and no longer appears on property tax bills beginning with the 2024 tax cycle. The Homestead Deduction was increased to help replace the former $3,000 Mortgage Deduction.
Having a mortgage itself does not create an additional property tax charge.
If Your Mortgage Company Pays Your Property Taxes
Many homeowners have an escrow account as part of their mortgage payment.
Your lender collects money throughout the year and then pays your property taxes when they are due.
If Tippecanoe County records show that a mortgage company is responsible for payment, a property tax statement may be marked “For Informational Purposes Only.”
That generally means the statement is for your records and your mortgage company is expected to make the payment.
Check Your Escrow Account
Even when your lender handles the taxes, it is a good idea to verify that the payment was made.
You can check your Tippecanoe County property tax record online and confirm whether the payment has been posted.
The Former Indiana Mortgage Deduction
Indiana previously allowed homeowners with qualifying mortgage debt to deduct up to $3,000 from the assessed value of their property.
That deduction has been repealed.
Beginning with property taxes payable in 2024:
- Homeowners can no longer apply for the Mortgage Deduction.
- A mortgage is not required to receive the additional Homestead Deduction benefit.
- Refinancing a mortgage does not require filing a new Mortgage Deduction.
The Indiana Department of Local Government Finance confirms that the Mortgage Deduction is no longer available beginning with the 2023 Pay 2024 cycle.
Homestead Deduction
If the property is your primary residence, the Homestead Deduction may reduce the assessed value used to calculate your property taxes.
The Tippecanoe County Auditor handles property tax deductions.
Tippecanoe County Auditor
20 N. Third Street, 2nd Floor
Lafayette, IN 47901
765-423-9207
→ Learn About Homestead Deductions
Paying Property Taxes Without Escrow
If your mortgage company does not pay your property taxes through escrow, you are responsible for paying the Tippecanoe County Treasurer directly.
Property taxes are generally paid in two installments each year.
You can review your tax balance, payment status, and available payment methods through the county’s property tax system.
→ Property Tax Payment Information
Local Tip
If you recently bought, refinanced, or paid off your home, check your property tax record rather than assuming the mortgage company has everything correct.
A change in lender or escrow status can affect who is expected to make the payment, even though it does not create a separate mortgage tax.
Frequently Asked Questions
Does Indiana still have a Mortgage Deduction?
No. Indiana repealed the Mortgage Deduction. It is no longer available beginning with property taxes payable in 2024.
Do I pay additional property taxes because I have a mortgage?
No. Having a mortgage does not create a separate Tippecanoe County or Indiana mortgage property tax.
Does my mortgage company pay my property taxes?
It may. If your loan includes an escrow account, your mortgage servicer generally collects money with your monthly payment and pays the property tax bill for you.
How can I tell whether my taxes were paid?
Check your property tax record online or contact the Tippecanoe County Treasurer.
Do I need to file anything after refinancing?
You no longer need to refile a Mortgage Deduction because that deduction has been repealed. However, homeowners should make sure their Homestead Deduction and property information remain correct.
Related Pages
Official Resources
Tippecanoe County Treasurer
Property tax bills, payments, balances, and payment questions.
→ Visit the Tippecanoe County Treasurer
Tippecanoe County Auditor
Homestead and other property tax deductions.
→ Visit the Tippecanoe County Auditor
Indiana Department of Local Government Finance
Official Indiana property tax deduction and credit information.
Summary
Indiana no longer has a separate Mortgage Deduction. For Tippecanoe County homeowners, the main mortgage-related property tax issue is usually whether taxes are being paid through an escrow account or directly by the homeowner.
If you have escrow, verify that your mortgage company has paid the bill. If you pay your own taxes, use the Tippecanoe County Treasurer’s property tax system to check your balance and payment status.