Indiana property tax exemptions: Church permitted to file letter in lieu of application; Trade Association failed to prove split between exempt educational and non-exempt use; conservation group’s 300+ acres of woodlands, lakes and tillable land exempt

Indiana property tax exemptions: Church permitted to file letter in lieu of application; Trade Association failed to prove split between exempt educational and non-exempt use; conservation group’s 300+ acres of woodlands, lakes and tillable land exempt

  Church properly used letter of notification (and not official application) to claim exemption; previously granted exemption rolled forward.   The Indiana Board of Tax Review applied a 100% property tax exemption to a church in Trinity Springs Baptist Church v. Martin County Assessor, Pet. No. … [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...]

Vacant Historic Building Qualified for Indiana Property Tax Exemption

Vacant Historic Building Qualified for Indiana Property Tax Exemption

  In Historic Landmarks Foundation of Indiana Inc. v. Vigo County Assessor, Pet. No. 84-002-11-2-8-02178 (June 10, 2014), a nonprofit Corporation claimed a 100% exemption on a property that was vacant on the March 1, 2011, assessment date.  The Corporation purchased a historic building on February 11, … [Read more...]

New Law Nullifies Property Tax Exemption for Buildings Sold by Nonprofits

New Law Nullifies Property Tax Exemption for Buildings Sold by Nonprofits

What happens to a property tax exemption when a nonprofit sells its building to an entity that will use it for a non-exempt purpose? As of July 1, 2014, and extending through 2015, the new owner will owe property tax on the property for the next 2014-pay-2015 or 2015-pay-2016 installment, regardless of the … [Read more...]

Tissue bank owned by for-profit and leased to related non-profit exempt from Indiana property tax

Tissue bank owned by for-profit and leased to related non-profit exempt from Indiana property tax

In Hamilton County Assessor v. SPD Realty, LLC, Cause No. 49T10-1104-TA-28 (May 27, 2014) (March 1, 2009 assessment date), the Indiana Tax Court affirmed the grant of a charitable purpose exemption where the office building was owned by SPD Realty, a for-profit limited liability company, and leased to New Life, a … [Read more...]

Being a “good landlord” not enough to prove low income housing qualified for Indiana’s charitable purpose property tax exemption

Being a “good landlord” not enough to prove low income housing qualified for Indiana’s charitable purpose property tax exemption

In Housing Partnerships, Inc. v. Tom Owens, Bartholomew County Assessor, Pet. No. 49T10-1005-TA-23 (June 6, 2014), Taxpayer owned several individual homes, duplexes and small apartment buildings.  The properties were rented to persons with annual incomes at or below 60% of the area median income.  For the March 1, … [Read more...]