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FARMER\'S TANGIBLE PERSONAL PROPERTY ASSESSMENT RETURNFORM 102JANUARY 1, 2025 For Assessor\'s Use OnlyPRIVACY NOTICE This form contains confidential information pursuant to IC 61.1359.State Form 50006

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What is farmers tangible personal property?

Farmers tangible personal property refers to the physical assets used in farming operations, such as equipment, machinery, livestock, and supplies that are not permanently affixed to the land.

Who is required to file farmers tangible personal property?

Farmers who own or lease tangible personal property used in their agricultural operations are typically required to file reports of this property for tax assessment purposes.

How to fill out farmers tangible personal property?

To fill out farmers tangible personal property declarations, one should gather all relevant information about the assets, complete the appropriate forms provided by the local tax authority, and ensure that all required details such as value and description are accurately reported.

What is the purpose of farmers tangible personal property?

The purpose of filing farmers tangible personal property is to provide local tax authorities with information necessary for assessing property taxes on the assets used in farming operations.

What information must be reported on farmers tangible personal property?

Information that must be reported includes a detailed listing of all tangible personal property owned or leased, descriptions of each item, its value, and any associated identification numbers or classifications.

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