In two recent opinions and one from last spring, the Indiana Tax Court considered whether property taxes for hospitals and hotels should be calculated using the 2% or 3% tax caps. In both opinions, the Court held that use of the 3% was appropriate under the plain language of the tax cap provisions. In the third … [Read more...]
Indiana Property Tax Legislation – 2020 Summary
May 26, 2020 Leave a Comment
The 2020 "short" (non-budget) session of the Indiana General Assembly concluded in March. Following is a summary of two acts addressing various property tax matters that passed. The summary highlights assessment and exemption provisions in those bills. It is not an exhaustive list. Readers are encouraged to … [Read more...]
Indiana Tax Court affirms rejection of Tenant’s claims that Assessor improperly included value of land in taxable leasehold interest
May 18, 2020 Leave a Comment
Name: Square 74 Associates LLC v. Marion County Assessor Date Issued: December 3, 2019 Property Type: 7-story 209,888 square foot public parking garage with 31,000 square feet of first floor retail consisting of five tenant suites Tax Years: 2008 – 2011 Point of Interest: Where a lease failed to … [Read more...]
Indiana Property Tax: Marion County Keeps the Heat on Multifamily Property Tax Assessments
May 13, 2020 Leave a Comment
Given today’s unprecedented stress and uncertainty, multifamily property owners in Marion County, Indiana should explore all avenues that could help reduce their property tax bill. A little due diligence — and some informed advice — can save a lot of money in property taxes. Marion County has started to mail … [Read more...]
In updated COVID-19 FAQ, Indiana Department of Local Government Finance clarifies application of interest to late property tax payments; No change (yet) to 2020 assessment notice & appeal deadlines; Abatement compliance extended; Waiver of penalties on special assessments and fees
April 27, 2020 Leave a Comment
On April 24th, the Indiana Department of Local Government Finance updated its FAQ covering topics related to "COVID-19 & Executive Orders," as those orders relate to property tax assessments, collections and payments. Interest On Late Payments Section 12 addresses the application of interest to Spring 2020 … [Read more...]
Continuing to Respond to COVID-19, Indiana Governor Orders Statewide Extension of Personal Property Tax and Abatement Compliance Deadlines to June 15th
April 24, 2020 Leave a Comment
On April 23, 2020, Indiana Governor Eric Holcomb issued Executive Order 20-23, providing a statewide thirty-day extension on the filing of personal property tax returns, property tax abatement compliance documents, and certain tax incentive applications (Enterprise Zone Investment Deduction, Abatement Deduction … [Read more...]