Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 4.2 - ASSESSMENT OF TANGIBLE PERSONAL PROPERTY
Rule 4 - Valuation of Depreciable Tangible Personal Property
Section 4-10 - Determination of property as real or personal
Universal Citation: 50 IN Admin Code 4-10
Current through September 18, 2024
Authority: IC 6-1.1-31-1
Affected: IC 6-1.1-3
Sec. 10.
(a) The following guide is intended to assist in the identification of property as either real or personal. The use of a unit of machinery, equipment, or a structure determines its classification as real or personal property. If the unit is directly used for manufacturing or a process of manufacturing, it is personal property. If the unit is a land or building improvement, it is real property.
(b) Land improvement - Real includes the following:
(1) Retaining
walls, piling and mats for general improvement of site, private roads, walks,
paved areas, culverts, bridges, viaducts, subways and tunnels, fencing,
reservoirs, dikes, dams, ditches, canals, and drainage.
(2) Fixed river, lake, or tidewater wharves
and docks.
(3) Permanent standard
gauge railroad trackage, bridges, and trestles.
(4) Walls forming storage yards and fire
protection dikes.
Note that on-site utility piping, such as sanitary and storm sewers, potable water and fire prevention lines, and gas lines are considered as on-site improvement costs and are valued with the land.
(c) Buildings - Real includes structural and other improvements to buildings, including:
(1) foundations;
(2) walls;
(3) floors;
(4) roof;
(5) insulation;
(6) stairways;
(7) partitions;
(8) loading and unloading
platforms;
(9) canopies;
(10) areaways;
(11) systems for heating;
(12) air conditioning;
(13) ventilation systems for employee
comfort;
(14) sanitation;
(15) fixed fire protection;
(16) lighting;
(17) plumbing, and drinking water;
and
(18) building elevators and
escalators.
(d) Miscellaneous includes the following:
| Property | Type | |
| Agricultural irrigation system including distribution system above or below ground | Personal | |
| Air conditioning | ||
| Building air conditioning for comfort of occupants | Real | |
| Package units, through the wall commercial | Real | |
| Special process to maintain controlled temperature and humidity | Personal | |
| Window units, through the wall or inserted in window | Personal | |
| Air lines for machinery and equipment | Personal | |
| Alarm systems | ||
| Fire alarm system | Personal | |
| Security alarm system | Personal | |
| Aluminum pot lines | Personal | |
| Anhydrous ammonia tanks and equipment | ||
| Stationary | Real | |
| Portable | Personal | |
| Appliances for income producing properties | Personal | |
| Ash handling system, pit and framing related to system | Personal | |
| Asphalt mixing plant and equipment (movable) | Personal | |
| Auto-call and telephone system | Personal | |
| Bar and equipment | Personal | |
| Bins, permanently affixed for storage | Real | |
| Boilers | ||
| Manufacturing process | Personal | |
| Building service | Real | |
| Booths for welding | Personal | |
| Bowling alley lanes | Personal | |
| Bucket elevators (open or enclosed including casings) | Personal | |
| Building, such as specially constructed storage, poultry, or livestock processing buildings - (not including machinery or equipment) | Real | |
| Bulkheads making additional land area to be assessed with and as part of the improved land | Real | |
|
Carpeting, commercial The real property assessment includes a finished floor. If the carpet is installed over an existing finished floor, then carpeting becomes personal property. If, as in the case of many newer buildings, carpeting has been specified and is the only finished floor, then carpeting is assessed as real property. |
Real or Personal depending on the circumstances | |
| Cistern | Real | |
| Coal, handling system | Personal | |
| Cold storage | ||
| Built-in cold storage rooms | Real | |
| Cold storage refrigeration equipment | Personal | |
| Cold storage, prefab walk-in type | Personal | |
| Control booth | Personal | |
| Conveyor | ||
| Housing | Personal | |
| Tunnels | Real | |
| Unit including belt and drives | Personal | |
| Cooling Towers | ||
| Primary use for manufacturing | Personal | |
| Primary use for building | Real | |
| Crane | ||
| Moving crane | Personal | |
| Runways, including supporting columns or structure and foundation, inside or outside of buildings | Personal | |
| Dock levelers | Personal | |
| Drapes | Personal | |
| Drying rooms | ||
| Structure | Real | |
| Heating System | Personal | |
| Dust catchers | Personal | |
| Fence, security | Real | |
| Fire walls, masonry | Real | |
| Floors, computer room | Real | |
| Foundations for machinery and equipment | Personal | |
| Gaming riverboats | Real | |
| Gas lines for equipment or processing | Personal | |
| Grain bins, storage | Real | |
| Grain drying equipment | Personal | |
| Grain drying equipment (such as: augers, aerators) | Personal | |
| Grain elevators (commercial, industrial), storage, silos, tanks, cupolas, working house, head-house, milling space | Real | |
| Grain elevator machinery and equipment (commercial, industrial) such as legs (inside or outside), conveyors, spouting, hopper scales, man lifts, aeration systems, grain cleaners, grain dryers, mechanical grain dumping equipment, loading and unloading systems, truck scales, all processing machinery and equipment | Personal | |
| Grain storage tents (blow-up) | Personal | |
| Gravel plant - machinery and equipment | Personal | |
| Greenhouses | ||
| Building | Real | |
| Building, plastic cover, in place on assessment date | Personal | |
| Benches and heating system | Personal | |
| Heating system | ||
| Building heating for comfort of occupants | Real | |
| Special purpose to maintain controlled temperature | Personal | |
| Hoist, hoist pits | Personal | |
| Hoop buildings | ||
| Year-round use (a building improvement) | Real | |
| Short-term use (seasonal or not a building improvement) | Personal | |
| Hydraulic lines | Personal | |
| Irrigation equipment | Personal | |
| Kilns | ||
| Lumber, drying kiln structure | Real | |
| Concrete block, drying kiln structure | Real | |
| Circular down draft, beehive | Real | |
| Heating or drying system | Personal | |
| Landscaping, priced with land | Real | |
| Laundry, steam-generating equipment | Personal | |
| Lighting | ||
| Yard | Personal | |
| Special purpose, inside | Personal | |
| Service station (except building) | Personal | |
| Mixers and mixing houses | Personal | |
| Nonautomotive equipment attached to excise vehicles | Personal | |
| Ore bridge foundation | Personal | |
| Ovens, processing | Personal | |
| Piping, process piping above or below ground | Personal | |
| Pits for equipment or processing | Personal | |
| Pools, swimming, in-ground or above-ground | Real | |
| Power generators | Personal | |
| Power lines and auxiliary equipment | Personal | |
| Pumps and motors | Personal | |
| Pump house (including substructure) | Real | |
| Racks and shelving (portable or removable) | Personal | |
| Railroad siding (except belonging to railroad) | Real | |
| Ready-mix concrete batch plant and equipment | Personal | |
| Refrigeration equipment | Personal | |
| Refrigerated display cabinets | Personal | |
| Sanitary system | Real | |
| Satellite dishes | ||
| Commercial use | Personal | |
| Residential use | Personal | |
| Scale houses | Real | |
| Scales | ||
| Truck or railroad scales, including pit | Personal | |
| Dormant scales | Personal | |
| Septic system (priced with land) | Real | |
| Sheds or buildings | ||
| Permanent, affixed or portable confinement buildings | Real | |
| Agricultural open portable pull-type | Personal | |
| Detached storage structures | Real | |
| Portable utility sheds | Real | |
| Signs, including supports and foundation | Personal | |
| Silos | ||
| Containing a manufacturing process | Personal | |
| Farm storage silos | Real | |
| Silo equipment | Personal | |
| Storage | Real | |
| Spray pond | ||
| Masonry reservoir | Real | |
| Piping and equipment | Personal | |
| Sprinkler system | Real | |
| Stacks | ||
| Supported individually and servicing heating boilers | Real | |
| Servicing personal property units or a process | Personal | |
| Steam electric generating facility | ||
| Equipment | Personal or Distributable Property | |
| Building | Real | |
| Stone crushing plant, equipment | Personal | |
| Storage facilities, permanent of masonry or wood | Real | |
| Storage vaults and doors, including bank vaults and doors | Real | |
| Substation | ||
| Building | Real | |
| Equipment | Personal | |
| Tanks | ||
| Short term, portable | Personal | |
| Storage only (except as indicated below) above or below ground | Real | |
| Used as a part of a manufacturing process | Personal | |
| Underground gasoline tanks at service stations | Personal | |
| Towers, cellular, TV or radio broadcasting | Personal | |
| Transformers | Personal | |
| Tunnels | Real | |
| Tunnels, waste heat, or processing | Personal | |
| Unit heaters, nonportable | Real | |
| Unit heaters, portable | Personal | |
| Unloader runway | Personal | |
| Ventilating | ||
| Ventilating system for manufacturing equipment | Personal | |
| Ventilating system for comfort of employees | Real | |
| Walls, portable partitions | Personal | |
| Water lines, for processing above or below ground | Personal | |
| Water pumping station, building and structure | Real | |
| Water pumps and motors | Personal | |
| Water treating and softening plant | ||
| Building and structure | Real | |
| Water treating and softening equipment | Personal | |
| Wells used for potable water, priced with land | Real | |
| Wells, pumps, motors, and equipment | Personal | |
| Wiring - power wiring | Personal | |
Disclaimer: These regulations may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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