Indiana Assessor defended her property tax valuation of woodland as excess residential, not agricultural; Court would not reweigh the evidence

Indiana Assessor defended her property tax valuation of woodland as excess residential, not agricultural; Court would not reweigh the evidence

In Kildsig v. Warrick County Assessor (October 8, 2013), the Owner challenged the March 1, 2009 assessment of his property, which included 12.648 acres of land, his residence, two pole barns, a lake, and just over 11 acres of woods.  He claimed that 11.648 acres should have been classified as agricultural land, … [Read more...]

Sale Price for Commercial Office Building Supports Indiana Property Tax Reduction

Sale Price for Commercial Office Building Supports Indiana Property Tax Reduction

In TPI of Montgomery County, LLC v. Montgomery County Assessor (Aug. 26, 2013), TPI argued that the 2009 and 2010 assessed values ($810,700) of its commercial office building should be reduced to its 2007 purchase price ($740,000).  The Assessor responded that the property was bought as an investment and was … [Read more...]

Pharmacy has prescription for defeating higher Indiana property tax assessment; Court would not apply contract rent in sale-leaseback to increase values

Pharmacy has prescription for defeating higher Indiana property tax assessment; Court would not apply contract rent in sale-leaseback to increase values

The Indiana Tax Court affirmed the Indiana Board of Tax Review’s final determinations of a pharmacy’s real property tax values for the March 1, 2007 and 2008 assessment dates.  In Shelby County Assessor v. CVS Pharmacy, Inc. #6637-02, Cause No. 49T10-1112-TA-96 (Sept. 23, 2013), CVS and the Assessor both presented … [Read more...]

Bowling alley, banks spared increased property tax assessments; Indiana assessors can’t use sales ratio studies to support individual assessments

Bowling alley, banks spared increased property tax assessments; Indiana assessors can’t use sales ratio studies to support individual assessments

In three August rulings, the Indiana Board of Tax Review found that an Indiana Assessor missed the mark (or hit the gutters) in arguing that evidence regarding uniform assessments for classes of property supported the individual assessments for a bowling alley and two banks.  In each case, the properties’ 2006 … [Read more...]

“No indication” that comps had similar, significant features, so purportedly comparable assessments don’t support Assessor’s property tax value

“No indication” that comps had similar, significant features, so purportedly comparable assessments don’t support Assessor’s property tax value

From the perspective of contested assessed value – $3,500 assessed v. $1,800 requested for an unimproved, residential lot in Goshen – the decision in Myers v. Elkhart County Assessor (Aug. 9, 2013) is irrelevant.  The tax dollars at issue would not justify the expense to the parties to prosecute the case and for … [Read more...]

A Hit (assisted living factility) and a few Misses (office, manufacturing, lodge space) with 2013 Indiana Property Tax Exemption Appeals

A Hit (assisted living factility) and a few Misses (office, manufacturing, lodge space) with 2013 Indiana Property Tax Exemption Appeals

Indiana offers several property tax exemptions, but the most common - and the most contested - is the exemption for (among other things) charitable, educational  and religious purposes permitted by Indiana Code § 6-1.1-10-16.  To qualify its real and/or personal property for the exemption, a taxpayer must meet a … [Read more...]