Indiana Tax Court Upholds Residential Land Value

Indiana Tax Court Upholds Residential Land Value

On September 9, 2015, the Indiana Tax Court upheld the Indiana Board of Tax Review’s decision affirming an assessor’s residential land valuation.  In Cooper v. Allen County Assessor, Homeowners argued that the March 1, 2012, assessment of their 7.78 acres of land should be reduced from $172,500 (nearly $22,200 per … [Read more...]

Indiana Tax Court Nullifies Retroactive Property Tax Assessments for Lack of Proper Notice

Indiana Tax Court Nullifies Retroactive Property Tax Assessments for Lack of Proper Notice

On May 12, 2015, the Indiana Tax Court ruled on the property tax appeals for two residential parcels owned by Property Development Company Four, LLC (the “Company”), which in 2003 bought two parcels in Grant County upon which two homes (the “Eastway Drive” and “Aspen Court” properties) were built.  The Grant … [Read more...]

Tax Court refuses to reweigh the evidence, affirming the Indiana Board of Tax Review’s final determinations of land value for a gas station and convenience store

Tax Court refuses to reweigh the evidence, affirming the Indiana Board of Tax Review’s final determinations of land value for a gas station and convenience store

In a pair of related decisions issued July 2, 2015, the Indiana Tax Court once again emphasized that it will not reweigh the evidence on appeal from the final determinations of the Indiana Board of Tax Review. Assessor's appraisal is more persuasive for 2010 assessment.  In Kooshtard Property I, LLC, v. Monroe … [Read more...]

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 … [Read more...]

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 … [Read more...]

Assessing Damaged or Destroyed Property in the Aftermath of Recent Tornadoes in Indiana and Illinois

Assessing Damaged or Destroyed Property in the Aftermath of Recent Tornadoes in Indiana and Illinois

Illinois and Indiana recently suffered a series of violent tornadoes.  Earlier this November, there were 24 confirmed tornadoes in Illinois and 28 confirmed tornadoes in Indiana. Property taxes are likely a long-way down the list of concerns of people affected by these tornadoes.  However, owners of property in … [Read more...]