Personal Property Extension Information
Governor Eric J. Holcomb, per Executive Order 20-23, suspends the deadline for submitting business personal property tax returns under 6-1.1-3-1.5 from May 15, 2020 until June 15, 2020. A written extension request is not required.
June 15, 2020
Forms must be filed or postmarked by June 15. Forms are required to be filed annually with the county assessor. Taxes on the reported values are due in two installments - May 10 and November 10 - the following year.
WHERE TO FILE
Personal property forms are to be filed with the county assessor where the property is located. For contact information, visit: https://www.in.gov/dlgf/2440.htm.
FIND YOUR TAXING DISTRICT
Search for your taxing district here: https://gateway.ifionline.org/report_builder/. Select the "Search by Address" tab.
All businesses, churches, and not-for-profit organizations must file business tangible personal property forms with the assessor’s office each year, even if qualified for an exemption.
Business tangible personal property is the value of all property besides real estate that is used in your business or organization. It includes equipment used in the production of income or held as an investment; billboards; foundations for the equipment; and all other tangible property other than real property. Computer application software is considered an intangible asset and is not assessable. Inventory is no longer taxed.
Licensed motor vehicles, trailers, motorized boats, most airplanes, campers, recreational vehicles and other registered vehicles that are subject to excise tax collected at the time of licensure by the Indiana Bureau of Motor Vehicles are not subject to personal property tax.
FREQUENTLY ASKED QUESTIONS
- Personal Property Assessment - January 10, 2017
- Abnormal Obsolescence (Personal Property - February 15, 2019
If the cost of all of your business personal property is less than $40,000, your business or organization is entitled to a business personal property exemption. You can attain this exemption by completing all of the required forms; you will mark the checkbox at the top of the Form 103-Long, Form 103-Short, or Form 102 indicating the cost of your assets is less than $40,000.
FREQUENTLY ASKED QUESTIONS
- Personal Property Exemption - January 10, 2017
The Department has been notified that the following counties have adopted an ordinance to impose a "local service fee" on those individuals whose personal property is exempt pursuant to IC 6-1.1-3-7.2(d). The fee is authorized by IC 6-1.1-3-7.3.The Department has not been notified that any counties have adopted an ordinance to provide for a county option tax exemption for new business personal property for a particular assessment date.
|Harrison (no fee)||Washington|
The Department has not been notified that any counties have adopted an ordinance to provide for a county option tax exemption for new business personal property for a particular assessment date.
Personal Property Forms
If you desire to obtain a personal property form from a prior year, please contact the DLGF with your request.
State Form Form Title 11274
Must be filed with Form 104. Business Tangible Personal Property Return 11405
Must be filed with Form 104. For use by manufacturers or processors; if business personal property is greater than $150,000; if filer wishes to claim deductions other than enterprise zone or investment; if filer is claiming special adjustments (equipment not placed in service, special tooling, permanently retired equipment, or abnormal obsolescence). Business Tangible Personal Property Assessment Return 50006
Must be filed with Form 104. Farmer's Tangible Personal Property Assessment Return 10068
Must be filed with Form 102 or 103. Business Tangible Personal Property Return 53854 (Form 103-SR) For use by taxpayers with personal property in more than one township in a county. Must be filed with Form 104-SR. Single Return - Business Tangible Personal Property 53855
Must be filed with Form 103-SR. Single Return - Business Tangible Personal Property 23000
(Form 103-N Schedule 1)
For use in reporting all personal property in Schedule I or II held, possessed or controlled. Filed with Form 102 or 103. Information Return of Not Owned Personal Property 24057
For use when personal property is owned by the filer, but held, possessed or controlled by another person. Filed with Form 102 or 103. Information Return of Owned Personal Property 12980
For use in detailing adjustments. Must be filed with Form 103 or 102. Schedule of Adjustments to Business Tangible Personal Property Return 52503
Must be field with Form 103-Long to receive deduction. Schedule of Deduction from Assessed Valuation Personal Property in Economic Revitalization Area 22667
Must be filed with Form 103-Long. Return of Special Tools 52501
For use in claiming personal property deduction for property in an Enterprise Zone. Enterprise Zone Investment Deduction Application 51765
Must be filed with Form 103-ERA. Compliance with Statement of Benefits Personal Property 51764
Must be submitted to the body designating the Economic Revitalization Area prior to the public hearing. Statement of Benefits Personal Property 22649
For use in reporting true tax value of interstate carriers. Return for Interstate Carriers 24056
For use by Industrial Waste Control Facilities to claim an exemption from assessment. Must be filed with Form 103 to be reviewed. Claim for Exemption of Air or Water Pollution Control Facilities 55063
Supporting Schedule for Deduction of Assessed Valuation on a Personal Property Solar Power Device 52515
Must be filed with new manufacturing and development, logistical distribution and/or IT equipment claimed on Form 103-ERA. Equipment List for New Additions to ERA Deduction Personal Property in Economic Revitalization Area 54182
For use in claiming the exemption under IC 6-1.1-10-44. Claim for Exemption of Enterprise Information Technology Equipment 54483
Schedule of Deduction from Assessed Valuation Personal Property in Certified Technology Park
Must be filed when any new property is claimed on Form 103-CTP Equipment List for New Additions to CTP Deduction Personal Property in Certified Technology Park 52499
For use by manufacturers using recycled coal combustion products. Must be filed by May 15 with the County Auditor. Statement for Deduction of Assessed Valuation (Investment Property Purchased by Manufacturers of Recycled Coal Combustion Products) 42963
For use in summarizing deductions from assessed value of property located in a Maritime Opportunity District. Must be filed with the Form 103. Application for Deduction from Assessed Valuation - Maritime Opportunity District 52497
For use by integrated steel mill or entity that is at least 50 percent owned by an affiliate of an integrated steel mill; and falls within Asset Class 33.4 Business Tangible Personal Property Depreciable Assets in Pool 5
Must be filed with Form 103-Long. A separate schedule must be completed for each approved abatement (Form SB-1/PP). Schedule of Deduction from Assessed Value Pool 5 Property in Economic Revitalization Area
- Supplement to 50 IAC 4.2-15-14 Present Value of Personal Property Leases - January 3, 2019
- Personal Property Data Submissions and Data Compliance: NAICS code list - May 16, 2018
- Supplement to 50 IAC 4.2-15-14 Present Value of Personal Property Leases - January 2, 2018
- BPPE: Local Service Fee & Late Assessment Penalty Distribution (updated from September 22, 2017) - December 7, 2017
- Personal and Real Property Roll Dates - June 1, 2017
- Supplement to 50 IAC 4.2-15-14 Present Value of Personal Property Leases - January 3, 2017
- Assessor's Conference - January 21 - 25, 2019
- Assessor's Conference - January 23 - 26, 2018
- Assessor's Conference - August 28 - September 1, 2017
- Auditor's Conference - May 25 - 27, 2017