Small Business Development Guide
Tangible Personal Property Tax
Tangible Personal Property Tax is tax paid on the tangible assets of the business (not land, buildings, licensed motor vehicles or aircraft, jigs, dies, or drawings used in business). The first $10,000 is exempt, but you must file for informational purposes even if you do not owe any money. If your assets exceed $10,000, you pay a percentage in tax to the State. Unincorporated businesses and single-county corporations file FORM 920 with the County Auditor. Multi-county corporations file with the State on FORM 930. Contact your Business' County Auditor for more information.