What is Acquisition Indebtedness? So, lets start at the beginning. Mortgage interest is tax deductible. The first type of mortgage interest defined under the tax code is called âacquisition indebtednessâ. As you might expect, this includes the cost of borrowing to acquire your home, but also includes debt incurred to build or substantially improve a residence, as long as the debt is secured by the same residence.
Although Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware do not file an Annual Report, they are required to pay an annual tax of $250.00 ($300.00 to be made effective July 1, 2014, beginning tax year 2014) .
Most payments are due on May 15th and October 15th. Manufactured Home tax statements will be mailed in July. Subscribe to our Notify Me list on our county website to receive an email or text message for a Property Tax Payment Reminder to be sent to you on May 1 and October 1. Each year, the Post Office returns mailings to us because we have an old or inaccurate address on file for that taxpayer.