On March 21, 2022 House Enrolled Act 1260-2022 was signed into law repealing the mortgage deduction as of January 1, 2023. 

As of January 1, 2023, the Mortgage deduction has been repealed.  This means that property owners are no longer able to apply for/receive this deduction as of the January 1, 2023 assessment date payable in 2024 property tax cycle.  Those properties with a mortgage deduction in place as of 12/31/2022 may receive the mortgage deduction for the January 1, 2022 assessment date payable in 2023 property tax cycle for the final time.

As somewhat of an offset, the Homestead Standard deduction was increased as of the January 1, 2023 assessment date payable in 2024 property tax cycle from the lesser of:

-$45,000 or 60% of the assessed value of the real property, mobile home not assessed as real property, or manufactured home not assessed as real property

to

-$48,000 or 60% of the assessed value of the real property, mobile home not assessed as real property, or manufactured home not assessed as real property