Indiana Governor Orders Extension of Property Tax Exemption filing deadline from April 1st to June 30th

Indiana Governor Orders Extension of Property Tax Exemption filing deadline from April 1st to June 30th

Indiana's real and personal property tax exemption petitions (Form 136) are normally due on or before April 1st annually.  On March 26, 2020, Indiana Governor Holcomb issued Executive Order 20-12, extending the deadline to file to June 30, 2020.  The text can be found in Section 5(B) and reads: B.  Suspension of … [Read more...]

Indiana Military Museum loses the Educational Purpose Exemption Battle but wins a 75% Charitable Purpose Exemption

Indiana Military Museum loses the Educational Purpose Exemption Battle but wins a 75% Charitable Purpose Exemption

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...]

Indiana Board of Tax Review may not ignore Taxpayer’s legal arguments; Totality of Evidence supported 100% charitable purpose exemption for apartment complex

Indiana Board of Tax Review may not ignore Taxpayer’s legal arguments; Totality of Evidence supported 100% charitable purpose exemption for apartment complex

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...]

Avoiding Procedural Pitfalls, Indiana Churches Attain Property Tax Exemptions

Avoiding Procedural Pitfalls, Indiana Churches Attain Property Tax Exemptions

Indiana law provides several avenues to achieve property tax exemptions for property used to advance religious purposes. In June 2019, The Indiana Board of Tax Review approved application of property tax exemptions to a church and a family-life center. In both cases — New Testament Baptist Church v. Boone County … [Read more...]

Indiana Board of Tax Review Denies Real Property Tax Exemptions for Early Childhood Educational Facilities for Lack of Proper Certifications

Indiana Board of Tax Review Denies Real Property Tax Exemptions for Early Childhood Educational Facilities for Lack of Proper Certifications

Name: Rainbow Rascals Warsaw, LLC v. Kosciusko County Assessor Date Issued: April 10, 2019 Property Type: Childcare Facility Assessment Year(s): 2015-2018 Point of Interest: Tangible property owned, occupied, or used by a for-profit provider of early childhood education services to children ages 4-5 … [Read more...]

Student Housing Projects – Creative Deal Structures Can Yield Tax Benefits

Student Housing Projects – Creative Deal Structures Can Yield Tax Benefits

  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...]