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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
 Year  Tax Abatement Amount
1 100%
2 90%
3 80%
4  70%
5  60%
6  50%
7  40%
8  30%
9  20%
10  10%

Important Information About Building Permits

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

Online Forms, Applications & Documents

Director of Development
Email

Ph: 219-942-5517
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City of Hobart
414 Main St.
Hobart, IN 46342
Ph: 219-942-CITY