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STATE OF INDIANA GOVERNMENT CENTER NORTH 100 NORTH SENATE AVENUE N1058(B) INDIANAPOLIS, IN 46204 PHONE (317) 232-3777 FAX (317) 974-1629 DEPARTMENT OF LOCAL GOVERNMENT FINANCE Frequently Asked Questions

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What is assessment of personal property?

Assessment of personal property is a process of determining the value of tangible personal property such as vehicles, equipment, and inventory for tax purposes.

Who is required to file assessment of personal property?

Business owners and individuals who own tangible personal property are required to file assessment of personal property.

How to fill out assessment of personal property?

To fill out assessment of personal property, one must provide detailed information about each item of personal property, including its description, value, and acquisition date.

What is the purpose of assessment of personal property?

The purpose of assessment of personal property is to ensure that taxpayers are paying property taxes on all taxable personal property they own.

What information must be reported on assessment of personal property?

Information such as description, value, and acquisition date of each item of personal property must be reported on assessment of personal property.

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