Invest a Little to Make a Lot More: Why Indiana should create an event incentive fund to leverage state taxes

Invest a Little to Make a Lot More: Why Indiana should create an event incentive fund to leverage state taxes

In addition to looking at taxes to cut, let’s look at ways to invest a little to make a lot more. For starters, consider visitor spending where more than 26 million people who visit Indy every year generate more than $256 million in state sales tax revenue.  That’s more than the Hoosier Lottery, and that’s …

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Racquet Club argues for lower land assessments that “felt right,” loses Indiana property tax appeals in straight sets

Racquet Club argues for lower land assessments that “felt right,” loses Indiana property tax appeals in straight sets

On August 21, 2014, the Indiana Tax Court in Indianapolis Racquet Club, Inc. v. Marion County Assessor, Cause No. 49T10-1201-TA-1, affirmed the 2002 assessment of a tennis club situated on three contiguous parcels and comprised of indoor and outdoor tennis courts, locker rooms, and retail and administrative space …

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There’s One for You, Nineteen for Me – Ideas for the better investment of State & Local taxes in Indiana

There’s One for You, Nineteen for Me – Ideas for the better investment of State & Local taxes in Indiana

  There’s a fair amount of talk lately about cutting taxes, instituting new taxes, and simplifying taxes in Indiana. All this is healthy debate, but we also need to focus on the distribution of our tax dollars. Here are some ideas that should help us invest more where it counts: The business …

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Indiana property tax rulings:  charitable purpose exemption for rented home and duplex; taxpayers prevail with USPAP appraisal, lose with “hodgepodge” of questionable valuation methods

Indiana property tax rulings: charitable purpose exemption for rented home and duplex; taxpayers prevail with USPAP appraisal, lose with “hodgepodge” of questionable valuation methods

The following summaries of final determinations by the Indiana Board of Tax Review from the first half of 2014 were prepared by Noeli E. Serna, a 2014 summer associate at Faegre Baker Daniels who will be entering her second year of law school at Northwestern University School of Law this fall. Indiana Board …

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Proceed with Caution, Part XIV:  New Indiana Board rulings apply the modified burden of proof statute for property tax appeals

Proceed with Caution, Part XIV: New Indiana Board rulings apply the modified burden of proof statute for property tax appeals

  Earlier this year, I reported on the enhancement of Indiana’s burden of proof statute, which became effective March 25, 2014.  Generally, the Assessor has the burden of proof on appeal if the challenged assessment is more than 5% over the same property’s finally determined assessment for the …

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Vacant Historic Building Qualified for Indiana Property Tax Exemption

Vacant Historic Building Qualified for Indiana Property Tax Exemption

  In Historic Landmarks Foundation of Indiana Inc. v. Vigo County Assessor, Pet. No. 84-002-11-2-8-02178 (June 10, 2014), a nonprofit Corporation claimed a 100% exemption on a property that was vacant on the March 1, 2011, assessment date.  The Corporation purchased a historic building on February …

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