Personal Property

In addition to real estate, all personal property owned by a business in Indiana is taxed.  Personal property is defined as any property that is notattached to the real estate, such as the office equipment and manufacturing equipment used by a business.  The only exemption to this is inventory.  Inventory is defined as property the business regularly keeps in stock such as; manuals, pencils, reams of paper, etc. or merchandise held for sale in the ordinary course of business.

Click here for 50 IAC 4.2 Personal Property Regulation or Indiana Code 6-1.1

**Businesses with $40,000 or more cost per county, with the same federal identification number, will file Business Tangible Personal Property returns due or postmarked by May 15th or June 14th with an approved extension to prevent penalties from being added to next year's tax bill. 
**Businesses with less than $40,000 cost per county, exemption (SEA 1, IC 6-1.1-3-7.2, HEA 1169-2016 legislative changes) with the same federal identification number would declare the exemption by using a personal property form (specifically, Form 103-Short, Form 103-Long, or Form 102, as applicable). Business Tangible Personal Property returns are due or postmarked by May 15th or June 14th with an approved extension to prevent a $25.00 penalty from being added to next year’s tax bill. 
**Not for Profit Organizations that have filed a Form 136 Exemption and have been approved by PTABOA, will file business personal property returns as usual. They will not file for the under $40,000 cost exemption.

Extension Request: Vanderburgh County is no longer automatically granting extensions of time to file business personal property returns when requested. Extensions will be granted sparingly to taxpayers demonstrating a hardship or qualifying circumstances. The requests for extensions will be reviewed and granted on a case by case basis. Click here for instructions on obtaining an extension request. 

The information on personal property return forms is confidential, with the sole exception of Form 104.  Information on that form includes taxpayer name, address, nature of the business and the final total assessed valuation.  Some forms can be downloaded from this site.

For Vanderburgh County, directions for filling out forms, please contact the Personal Property Department at (812)435-5180.

Personal property is self-assessed by the taxpayer.  "Self-assessed" means that you do the initial work, just like an income tax return.  Reminder postcards for filing are sent to businesses by the Assessor in mid February.  The deadline for filing is May 15 of any year.

Considering the numerous laws, forms, and regulations regarding personal property, the best course for a new filer opening a business in Vanderburgh County is to contact the Personal Property Department at (812)435-5180 with all questions.

Click here for frequently asked questions.

 Every personal property return has two forms, the 103 (short or long) and the 104. Form 103 is the initial document which records the value of all property whereas the Form 104 only documents the final assessed value, name and address of the taxpayer, and the name of the business. Form 104 is the only document which is a public record. Forms 103-SR and 104-SR are also available for Single Confidential Business and Single Business Tangible.

The Assessor reviews all filings for accuracy.  If a return generates questions regarding the value of items, a personal property deputy will contact the taxpayer for further information.  Generally, these matters are handled in an informal manner.  If the deputy concludes the property has been undervalued, a Form 113 will be issued explaining the rise in the assessed valuation.

With personal property being self-assessed, appeals are rare.  Occasionally, an agreement cannot be reached between the taxpayer and Assessor. In these cases, an appeal (Form 130 PP) is filed with the Assessor followed by an informal hearing with the Property Tax Board of Appeals.

Click here for a street directory containing a list of street names, and the township in which they lie in Vanderburgh County.

Click here for a listing of tax districts.

Click here for a listing of subdivisions.