Jasper County, Indiana

Personal Property

Unlike Real Estate assessments, Personal Property is a self-assessment system. 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.

• Anyone who owns, controls or possesses personal property, with a tax situs within the state, must file a return
• The assessment date for Personal Property is January 1st and the filing is due May 15th each year.
• Amended returns are allowed within one year from the date of original return or May 15th. Only timely filed original returns can be amended. IC 6-1.1-3-7.5

Under $80,000 Business Personal Property Exemption

Statute requires a taxpayer that meets the requirements for this exemption to file an annual personal property return signed under penalties of perjury stating that the taxpayer’s business personal property in the county is exempt from taxation for the applicable assessment date. In addition, please note that the exemption is automatic regardless of whether the taxpayer files the required return, however, per statute the taxpayer will be subject to penalties for failure to file if the return is not received by May 15. 

Forms can be obtained by clicking on the links under Forms & Applications on the left side of this page.

Attention Taxpayers

Recent changes in Indiana law now require taxpayers who file a Business Tangible Personal Property Return (103 Long, 103 Short, or 102 Farm) to complete the entire form.  All returns should also include a completed Form 104.  The following are regularly absent from filed business personal property returns:

• Principal Business Codes (see link to NAICS Business Activity Codes below)
• FEDERAL ID NUMBERS/SOCIAL SECURITY NUMBERS
• Taxpayer must sign both forms.
• Incomplete returns may result in fines pursuant to Indiana law IC 6-1.1- 37-7(d).

*All Form 102's and 103's need to be coded with whichever code best describes the business that the forms are being submitted for.

NAICS Code

Located on page one of the Business Tangible Personal Property Return (Forms 102 & 103), this is the same six-digit principal business activity code that appears in Schedule K, Line 2(a) of a corporation's federal income tax return.