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Personal Property

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.

DUE DATE

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.

INFORMATION

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

EXEMPTION

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

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.

Blackford Randolph
Dearborn Rush
Decatur Shelby
Grant Vermillion
Harrison (no fee) Washington
Lake Wells
Miami

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
(Form 103-Short)		 Must be filed with Form 104. Business Tangible Personal Property Return
11405
(Form 103-Long)		 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
(Form 102)		 Must be filed with Form 104. Farmer's Tangible Personal Property Assessment Return
10068
(Form 104)		 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
(Form 104-SR)		 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
Form 103-O		 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
(Form 106)		 For use in detailing adjustments. Must be filed with Form 103 or 102. Schedule of Adjustments to Business Tangible Personal Property Return
52503
(Form 103-ERA)		 Must be field with Form 103-Long to receive deduction. Schedule of Deduction from Assessed Valuation Personal Property in Economic Revitalization Area
22667
(Form 103-T)		 Must be filed with Form 103-Long. Return of Special Tools
52501
(Form EZ-2)		 For use in claiming personal property deduction for property in an Enterprise Zone. Enterprise Zone Investment Deduction Application
51765
(Form CF-1/PP)		 Must be filed with Form 103-ERA. Compliance with Statement of Benefits Personal Property
51764
(Form SB-1/PP)		 Must be submitted to the body designating the Economic Revitalization Area prior to the public hearing. Statement of Benefits Personal Property
22649
(Form 103-I)		 For use in reporting true tax value of interstate carriers. Return for Interstate Carriers
24056
(Form 103-P)		 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
(Form 103-SPD)		   Supporting Schedule for Deduction of Assessed Valuation on a Personal Property Solar Power Device
52515
(Form 103-EL)		 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
(Form 103-IT)		 For use in claiming the exemption under IC 6-1.1-10-44. Claim for Exemption of Enterprise Information Technology Equipment
54483
(Form 103-CTP)		   Schedule of Deduction from Assessed Valuation Personal Property in Certified Technology Park

54484
(Form 103-CTP/EL)

 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
(Form PP-CCP)		 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
(Form MOD-1)		 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
(Form 103-P5)		 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

52498

(Form 103-P5/ERA)

 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

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Indiana Code and Administrative Rule

  • Procedure for Personal Property Assessment IC 6-1.1-3
  • Assessment of Tangible Personal Property: 50 IAC 4.2
    • Effective March 1, 2011 Assessment Date

Memos

Presentations

  • 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