Personal Property Tax Abatement

Abatement Description

Personal property tax abatement is a phase-in of the taxes generated by new assessed value from four eligible types of new equipment. These eligible types of equipment are manufacturing, logistical distribution, information technology, and research and development. The term ’new’ refers to never having been used for any purpose in Indiana; so equipment used in another state qualifies as new in Indiana.

This discretionary incentive is granted by the City Council.

Deduction Schedule

YearTax Abatement Amount
1100%
290%
380%
470%
560%
650%
740%
830%
920%
1010%

Important Information About Building Permits

Completion of the abatement approval process is required prior to the installation of any equipment.

Online Forms, Applications & Documents