Last week I spoke at a seminar regarding recent developments involving Indiana property tax appeal procedures. Following are summaries of various rulings of the Indiana Board of Tax Review ("IBTR") involving the burden of proof in property tax appeals. The following addresses two statutes -- Ind. Code §§ … [Read more...]
Student Housing Projects – Creative Deal Structures Can Yield Tax Benefits
May 1, 2019 Leave a Comment
Managing expenses is one of the best ways to ensure the long-term profitability of investment properties, and prudent developers know the importance of carefully monitoring and challenging property tax assessments. But student housing, as a subsector populated largely by tax-exempt educational … [Read more...]
Summary of 2019 Property Tax Legislation Passed by the Indiana General Assembly
April 29, 2019 Leave a Comment
The Indiana General Assembly concluded its 2019 legislative session last week, and several bills that passed address Indiana property tax issues, both procedural and substantive. Below is a high level summary of several noteworthy bills. Each bill has passed both legislative chambers, but most have not yet been … [Read more...]
How Office Owners Can Help Lower Sky-High Property Tax Assessments
April 26, 2019 Leave a Comment
Managing fixed expenses is the best way to ensure the long-term profitability of investment properties, especially in a flat market. The largest continuing expense for most commercial properties is the property tax bill, and in a market with skyline-defining properties and headline-grabbing sales prices, tax … [Read more...]
Indiana Tax Court affirms removal of Obsolescence Adjustment to Residential Property, as Homeowners fail to show comparable subdivision sales were similar.
March 4, 2019 Leave a Comment
Case Name: Marinov and Marinova v. Tippecanoe County Assessor Date Issued: February 20, 2019 Property Type: Single-family residence Assessment Year(s): 2014 Point of Interest: Assessor removed an obsolescence adjustment, causing a 26% assessment increase for a home over its 2013 value. Assessor offered … [Read more...]
Indiana Tax Court denies motion to dismiss Assessor’s property tax appeal on procedural grounds
January 14, 2019 Leave a Comment
In Marion County Assessor v. Stutz Business Center, LLC (January 11, 2019), Owner fell short in its effort to cut short an appeal by a County Assessor challenging the Owner’s voluntary withdrawal of its 2012 to 2014 real property tax appeals. Owner withdrew its appeals five days before the scheduled administrative … [Read more...]