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...]

Repair Service or Manufacturing?  Tax Court finds that grinding and calibrating work rolls used by Mills was manufacturing supporting application of Indiana’s industrial sales and use tax exemptions.

Repair Service or Manufacturing? Tax Court finds that grinding and calibrating work rolls used by Mills was manufacturing supporting application of Indiana’s industrial sales and use tax exemptions.

Indiana allows an exemption from sales and use tax for items directly used or consumed in the direct production of tangible personal property.  The Indiana Tax Court last month concluded that a Taxpayer’s grinding and calibrating of work rolls used by mills was manufacturing – not simply repair work.  In Hoosier … [Read more...]

Grave decisions for Cemetery Association and Office Building Owner; Tax Court rejects two petitions to enjoin collection of property tax – in one exemption and one valuation appeal – for lack of subject matter jurisdiction

Grave decisions for Cemetery Association and Office Building Owner; Tax Court rejects two petitions to enjoin collection of property tax – in one exemption and one valuation appeal – for lack of subject matter jurisdiction

On May 9, 2014, the Indiana Tax Court dismissed two petitions to enjoin collection of tax, in one property tax exemption appeal and one valuation appeal, as premature, because the Taxpayers had not yet initiated original tax appeals. A longstanding exemption is denied.  In Washington Park Cemetery Association, … [Read more...]