Name: Purdom v. Knox County Assessor, Knox County Property Tax Assessment Board of Appeals, and Indiana Board of Tax Review Date Issued: Feb. 11, 2020 Property Type: Single-family residence Assessment Date: March 1, 2013 Owner was denied the homestead standard deduction for 2013 for a home that she … [Read more...]
Declining to reweigh the evidence, Indiana Tax Court affirms assessments of CVS store based on cost approach
December 24, 2019 Leave a Comment
Name: CVS Corporation v. Elkhart County Assessor Date Issued: December 9, 2019 Property Type: Retail pharmacy Assessment Years: 2012 - 2015 Point of Interest: Indiana Tax Court would not reweigh the record evidence, which supported the Indiana Board of Tax Review’s conclusion of value based solely on … [Read more...]
Indiana Tax Court affirms assessment of vacant lot based on appraisal and testimony of the appraiser
December 16, 2019 Leave a Comment
Name: Sheerin v. LaPorte County Assessor Date Issued: December 11, 2019 Property Type: Vacant lot Assessment Year: 2015 Point of Interest: Appraisal offered by Assessor had minor flaws but sufficiently established a prima facie case supporting the assessed value of a vacant lot. … [Read more...]
Indiana Military Museum loses the Educational Purpose Exemption Battle but wins a 75% Charitable Purpose Exemption
November 17, 2019 Leave a Comment
Name: McClain Museum, Inc. v. Madison County Assessor Date Issued: November 7, 2019 Property Type: Museum Assessment Year: 2014 Point of Interest: Tax Court affirms denial of educational exemption for military history museum, but it reversed the Indiana Board of Tax Review and applied a 75% exemption … [Read more...]
How Value Transfers Reduce Property Tax Liability
November 14, 2019 Leave a Comment
Investment value is not market value for property tax purposes because the excess value transfers elsewhere. But where does the value go? When a new building enters the market with a headline-grabbing development budget, the local tax assessor is often happy to use the value stated on the construction permit as … [Read more...]
Indiana Board of Tax Review may not ignore Taxpayer’s legal arguments; Totality of Evidence supported 100% charitable purpose exemption for apartment complex
November 4, 2019 Leave a Comment
Name: Hebron-Vision, LLC v. Porter County Assessor Date Issued: October 28, 2019 Property Type: 80-unit apartment complex Assessment Years: 2012-2015 Point of Interest: Reversing the Indiana Board of Tax Review, the Tax Court held that, based on a reasonable review of the totality of record evidence, … [Read more...]