Personal Property

The Business Personal Property Tax Return Filing deadline is May 15, 2023.
 
The deadline for filing a Form 136, the application for Property Tax Exemption, is April 1, 2023.
 
Indiana requires all businesses--large and small--to complete personal property tax returns. Personal Property can be described as anything tangible from the computers and scanners used in a small home-business office to the large machinery used to build or construct different items. However, this does not include intangible property (such as computer programs), inventory, or anything that has a plate on it from the BMV (vehicles).

The appropriate forms can be submitted online, downloaded, or obtained by stopping by the Assessor's office.

Please note that it is the owner's responsibility to obtain and file the appropriate forms. If a business is closed, it is the owner's responsibility to let the Assessor's Office know (a note attached to or a letter in place of a filing will suffice). Failure to let the Assessor's office know about such closures will still result in an accumulation of penalties for each year until the Assessor is notified.

Under $80,000 Exemption

Effective for the January 1, 2023 assessment date per IC 6-1.1-3-7.2, taxpayers with less than $80,000 in acquisition cost that filed a completed and timely return in 2022, do not need to file a 2023 return. However, if the 2022 return was not filed by May 16, 2022, a return must be filed by May 15, 2023 to claim the exemption. Additionally, if the acquisition cost exceeds $80,000, a form will need to be filed for the appropriate assessment year.

Business Personal Property & Places of Worship

Section 6 of HEA 1260 has been amended affective January 1, 2023 to update the filing requirements for business personal property tax returns. With this new language, churches and religious societies that have filed business personal property tax returns for 5 years and who were exempt from taxes in those 5 years will not have to file business personal property returns going forward unless either of the following occur:

  • There is a change in ownership or
  • There is any other change that results in the personal property no longer being elgiible for an exemption and the church or religious society would othewise be liable for property taxes imposed.

Business owners with questions or needing assistance can email the Assessor's office's personal property experts, call the office at 765-423-9255, or stop by the office on the Second Floor of the County Office Building.  
 
 Returns and Authorizations may be filed electronically using the forms below.
 

Electronic Filing


Submit personal property forms electronically through the following links. These links direct to a secure portal which automates signature processing and approval. Read instructions on how to fill out forms (PDF). 

For Taxpayers filing directly (without the use of a CPA, etc):


Form 103 Short
Form 103 Long
Form 103 & 104 Multiple Taxing Districts
Form 102
Form 102 and 104
Form 106 (Must be filed with Form 102 or 103)

For Tax Preparers filing for others:


Tax Preparer Authorization Form
Form 103 Short
Form 103 Long
Form 103 Multiple Taxing Districts
Form 102
Form 102 and 104
Form 106 (Must be filed with Form 102 or 103)
These links are for 3rd parties filing only on behalf of others. If you are the authorized signer, please use the links beneath the "Taxpayers filing directly" header.

Form 136: Application for Non-Profit Property Tax Exemption 

Tax payers, tax preparers of CPA firms may email personal property forms to the Assessor's Office.

If you are a tax preparer (CPA, Bookkeeper, or other) and would like to be listed as an authorized signer, please have the taxpayer sign the following Tax Payer Authorization with the return and use the direct filing links rather than the preparer links, or e-mail the return with the authorization.

Tax Payer Authorization (Tax payer filling out form directly)
Tax Payer Authorization for Tax Preparers (To prepare the authorization form for the client and have it sent to them for signature)

Download Forms


Forms may also be downloaded directly from the DLGF website and mailed or e-mailed to the Tippecanoe County Assessor's Office. It is advisable to send e-mails with a read receipt for confirmation of delivery.

 


Frequently Asked Questions

For more information about Personal Property, please visit the DLGF website.


Important Dates to Remember

  • Personal Property Forms are due by May 15th (or the next business day in the case of May 15th falling on a weekend).
  • If Personal Property forms are filed after this date and before June 15th, a late penalty of $25 will be applied.
  • If Personal Property forms are after the late deadline above, a 20% penalty will be applied along with a $25 late fee.
  • Amended returns (fixes to errors on original timely filings) may be filed until May 15th of the next year.
  • A $25 fee may also be applied if the forms are not in compliance with the state guidelines.
  • Personal property returns for a previous year that were filed on time may be amended until May 15 of the current year.

What to File

File Form 104 with either: 
  • Form 102: Farmer's Tangible Personal Property Assessment Return
  • Form 103-Short: Filed for under $150,000 in Personal Property
  • Form 103-Long: Filed for more than $150,000 in Personal Property Note: Only one copy is needed.
Please note: Business owners can file one return for businesses with several locations in the same taxing district.