Indiana Tax Court denies motion to dismiss Assessor’s property tax appeal on procedural grounds

Indiana Tax Court denies motion to dismiss Assessor’s property tax appeal on procedural grounds

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...]

Indiana Tax Court denies petition to enjoin the collection of property tax, where Taxpayer failed to show former school building and athletic facility had zero value

Indiana Tax Court denies petition to enjoin the collection of property tax, where Taxpayer failed to show former school building and athletic facility had zero value

Name:  Wigwam Holdings LLC v. Madison County Assessor Date Issued: December 14, 2018 Property Type: 220,000 SF building, including a natatorium, auditorium and 8,996 seat basketball facility Assessment Date: March 1, 2015 Point of Interest: Wigwam Holdings LLC (“Holdings”) claimed that an appraisal and … [Read more...]

Indiana Tax Court affirms assessment for contaminated foundry land, where Owner failed to provide evidence showing the land had a $0 value

Indiana Tax Court affirms assessment for contaminated foundry land, where Owner failed to provide evidence showing the land had a $0 value

Name:  Garrett LLC v. Noble County Assessor Date Issued:  September 24, 2018 Property Type:  Former foundry with environmental contamination Assessment Date:  Jan. 1, 2016 Point of Interest:  Taxpayer claimed that contaminated industrial land purchased for $1 had $0 value, but it offered no probative … [Read more...]

Indiana Board of Tax Review adopts appraiser’s cost approach with “minimally credible” adjustments in valuing restaurant

Indiana Board of Tax Review adopts appraiser’s cost approach with “minimally credible” adjustments in valuing restaurant

Name:  L&R Enterprises, LLC v. Hancock County Assessor Date Issued:  July 2, 2018 Property Type:  Restaurant (freestanding, approximately 5,500 sq. ft.) Assessment Years:  2015, 2016 Point of Interest:  The Indiana Board of Tax Review assigns a value based on the cost approach in the Assessor’s … [Read more...]

South Dakota v. Wayfair – United States Supreme Court overturns Quill and the physical presence requirement for the enforcement of sales tax collection by out-of-state sellers

South Dakota v. Wayfair – United States Supreme Court overturns Quill and the physical presence requirement for the enforcement of sales tax collection by out-of-state sellers

On June 21, 2018, the United States Supreme Court decided South Dakota v. Wayfair, Inc., No. 17-494, holding that states can require out-of-state sellers to collect and remit sales tax on goods shipped to the state, even if the seller has no physical presence in the state. In so holding, the Court overruled its … [Read more...]

Assessors Should Weigh Myriad of Factors When Determining Fair Market Value of Green Buildings

Assessors Should Weigh Myriad of Factors When Determining Fair Market Value of Green Buildings

  A growing number of commercial properties incorporate efficient attributes that exceed basic code requirements. While conserving resources, these sustainable building strategies can also enhance the owner’s bottom line by reducing operating costs. As investors consider developing or buying green … [Read more...]