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Department of Local Government Finance

DLGF > Assessments > Personal Property Personal Property

Personal property taxes are levied against 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.

Personal property values are assessed March 1 of every year and are self reported by property owners to assessors using prescribed state forms. The completed personal property return must be filed with the assessors no later than May 15. Taxes on the reported values are due in two installments - May 10 and November 10 - the following year. Contact information for assessors can be found HERE.

A host of deductions can be applied to personal property. Forms for claiming deductions can be found by clicking the Personal Property Forms link below.

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 - January 29, 2015

Recreational Vehicle Excise Tax

Beginning with the March 1, 2009 assessment date, campers and recreational vehicles are no longer subject to personal property taxation. In 2009, taxpayers will pay their 2008-pay-2009 property tax. In 2010, the Indiana Bureau of Motor Vehicles will begin collecting excise tax on the recreational vehicle when license plates are purchased.

Personal Property Forms

Filing of Form 105 is no longer required.

State Form Form Title
50006
(Form 102)		 Must be filed with Form 104. Farmer's Tangible Personal Property Assessment Return
54483
(Form 103-CTP)		 For use in claiming deduction under IC 6-1.1-12.7. 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
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
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
22649
(Form 103-I)		 For use in reporting true tax value of interstate carriers. Return for Interstate Carriers
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
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
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
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
55063
(Form 103-SPD)		 Supporting Schedule for Deduction of Assessed Valuation on a Personal Property Solar Power Device
22667
(Form 103-T)		 Must be filed with Form 103-Long. Return of Special Tools
53854
(Form 103-SR)		 For use by taxpayers with personal property in more than one township. Personal property assessed value in county is less than $1,500,000. Must be filed with Form 104-SR. Single Return - Business Tangible Personal Property
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
10068
(Form 104)		 Must be filed with Form 102 or 103. Business Tangible Personal Property Return
53855
(Form 104-SR)		 Must be filed with Form 103-SR. Single Return - Business Tangible 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
51765
(Form CF-1/PP)		 Must be filed with Form 103-ERA. Compliance with Statement of Benefits Personal Property
52501
(Form EZ-2)		 For use in claiming personal property deduction for property in an Enterprise Zone. Enterprise Zone Investment Deduction Application
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
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)
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

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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

Memos

Presentations