Personal Property

Definition of Personal Property

In addition to real estate, Indiana taxes all personal property.  The taxpayer is responsible for reporting all tangible personal property that is used in their trade or business, used for the production of income, or held as an investment that should be or is subject to depreciation for federal income tax purposes.  Personal property is any property not attached to real estate, such as but not limited to farm implements, office equipment, and manufacturing equipment.

Personal Property is self-assessed by the taxpayer but then it is audited at the County Assessor's office for accuracy.  The Personal Property Return is confidential with the exception of Form 104 which is available for public viewing.

Form 101, which was used to report vehicles that were not subject to county excise tax, has been eliminated. Therefore, as of March 1, 2009, taxpayers no longer need to report to the County Assessor personal property such as truck bodies, motor homes, recreational vehicles, travel trailers, ATV's, snowmobiles, watercraft and human powered boats.

Assessment Date March 1st - Deadline to File is May 15th

All personal property is assessed based on the March 1 assessment date.  The taxpayer takes inventory of all assets/equipment on March 1 and must report to the County Assessor by May 15.  Failure to file by May 15 will cause the taxpayer to receive a $25 penalty assessed to their tax bill.  If the taxpayer fails to file before June 15, an additional 20% will be added in addition to the original tax due and the $25 late fee.

Required Forms

Whichever form applies to your business (Form 102, Form 103 Short, or Form 103 Long) must always have a Form 104 attached when filing with the County Assessor.

The Form 104 is used for public information and is not confidential.  This form must be included with every return.

Form 102 is used to report all tangible farm equipment.

Form 103 Short and Form 103 Long are used in reporting all business tangible personal property.

Forms 103 T (special tooling), 103-O and 103-N (leased equipment), Form 103 P (pollution), and Form 106 (reporting adjustments) are additional forms that may be required depending on your business.

Required Information

Recent changes in Indiana law now require taxpayers who file a Business Tangible Personal Property Return (102, 103 Short, 103 Long) to complete the entire form.  The following are regularly absent from filed returns:

Incomplete returns may result in fines pursuant to Indiana law IC 6-1.1-37-7(d).

  • Taxpayers may qualify for a tax abatement on personal property.  If the County Council has approved a business for a tax abatement, the taxpayer must annually file certain paperwork in order to insure compliance.

Personal Property Assessment Forms and Tax Abatement Forms

List of Taxing Districts

Taxpayers are required to report to the taxing district in which the asset/equipment is located on March 1.  Whitley County has 14 different taxing districts.  The situs address on March 1st will determine the taxing district.

To determine your Taxing District, visit the county's GIS, and search by the situs address.  Once located, the tax district can be determined by using the last 3 digits of the parcel id number associated with that address.  Those 3 digits should be preceded by "92".
 
For example, if the last 3 digits of the parcel number are "001", your taxing district number would be 92001.  You can also contact the Assessor's Office at 260-248-3109 for assistance in determining which district you should report to.

Township Assessors

Due to legislative changes, township assessors no longer exist in Whitley County.  Therefore, all business personal property is to be reported to the Whitley County Assessor's Office.

Legislative changes did not affect the Township Trustees.  Trustees continue to provide township assistance, oversee township fire departments and maintain cemeteries and parks.




Functions and Services

Toll Free County Contacts

Related Sites of Interest

Department of Local Government Finance