Tax exemptions still getting applied after purchase of property two years ago

[Shankar Sridhar]

Hi all,

I bought a property at Indiana in Dec 2021. I see that homestead exemptions and 65+ exemptions are still being applied to my property for my 2022 tax bill. 

Having bought the property in 2021, I thought, the exemptions would go away for 2022, as I completely owned it during this period and used it as an out of state rental property. 

The only difference in property tax assessments for 2022 vs 2021 is my assessed value which went up from 64k to 105k roughly under homestead category, which instead should be assessed as other residential property, I believe. 

While it's a good thing that these exemptions are reducing my property taxes(ha ha ), I am wondering if I have missed anything while I purchased the property ? I thought the exemptions would automatically go away for 2022.  Should I do anything now?  I just don't want any legal ramifications later. 

Thanks for any insights :)