The Parke County Assessor, Katie Potter, reminds taxpayers that it is once again time to file personal property. There are a few changes this year that folks should know about. First, keep in mind that the assessment date is January 1, 2022. So, any equipment/personal property that you owned on that date will need to be claimed. Even if the equipment is not being utilized.
Examples of personal property would be farm equipment or business equipment such as shelving, registers, mechanic tools and so on.
If you have an assessment under $80,000 you still need to file a form but you will check the box in the upper left hand corner and put the total assessment on the coordinating line. If you fail to file you will be assessed a $25 penalty. You must submit a 104 Form even if you are under $80,000. Failure to do so will result in your forms being sent back to you and asking you to submit a 104 form along with your other forms.
The completed forms are due in the office of the Assessor by Monday, May 16, 2022. If they are either not received or post marked by the due date they will be considered late and a $25 penalty will be assessed.
For the full article, see this week’s edition of the Parke County Sentinel.