Tagged: exemption

4 articles tagged with "exemption".

Property TaxesAug 11, 20264 min read

Indiana's Common Area Exemption: Why Your HOA's Retention Pond Should Owe Zero Tax

IC 6-1.1-10-37.5 exempts HOA common areas — retention ponds, private streets, pools, green space — from property tax once covenants are recorded and the assessor is notified. No annual refiling required. Here's what boards and developers should verify.

Property TaxesJul 4, 20266 min read

Indiana's Nonprofit and Church Property Tax Exemption: Form 136, the April 1 Deadline, and Why Applications Get Denied

How Indiana nonprofits and churches claim exemption under IC 6-1.1-10: the ownership-occupancy-use test, Form 136's April 1 deadline, and partial-use math.

Property TaxesJun 4, 20267 min read

Indianapolis Small Businesses: You Still File Form 103/104 Under the $2M Exemption

The 2026 business personal property exemption jumped to $2M in acquisition cost. Most Indianapolis small businesses owe no tax - but you must still file by May 15.

Property TaxesApr 10, 20265 min read

Indiana's Business Personal Property Exemption Just Jumped 25× — What the New $2 Million Threshold Means for LLCs, Landlords, and Small Businesses

SEA 1 and HEA 1427 raised Indiana's business personal property exemption from $80,000 to $2,000,000 effective with the January 1, 2026 assessment. Most small businesses, rental LLCs, and short-term rental operators now owe zero BPP tax — but the filing requirement stays. Here's what changed and how to claim the exemption on Form 103.