Declining to reweigh the evidence, Indiana Tax Court affirms assessments of CVS store based on cost approach

Declining to reweigh the evidence, Indiana Tax Court affirms assessments of CVS store based on cost approach

Name: CVS Corporation v. Elkhart County Assessor Date Issued: December 9, 2019 Property Type: Retail pharmacy Assessment Years: 2012 - 2015 Point of Interest: Indiana Tax Court would not reweigh the record evidence, which supported the Indiana Board of Tax Review’s conclusion of value based solely on … [Read more...]

Indiana Tax Court affirms assessment of vacant lot based on appraisal and testimony of the appraiser

Indiana Tax Court affirms assessment of vacant lot based on appraisal and testimony of the appraiser

  Name:  Sheerin v. LaPorte County Assessor Date Issued:  December 11, 2019 Property Type:   Vacant lot Assessment Year:  2015 Point of Interest:  Appraisal offered by Assessor had minor flaws but sufficiently established a prima facie case supporting the assessed value of a vacant lot. … [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 Tax Court to Assessor: “Taxpayers deserve more than taxation by trickery”

Indiana Tax Court to Assessor: “Taxpayers deserve more than taxation by trickery”

On May 24, 2018, the Indiana Tax Court in Switzerland County Assessor v. Belterra Resort Indiana, LLC partially reversed the Indiana Board of Tax Review, ordering a further reduction to the values of its hotel, riverboat casino, golf course and related property for the 2009 to 2014 assessments – resulting in … [Read more...]

Evidence of Construction Costs and Comparable Assessments Insufficient to Challenge Indiana Homeowner’s Property Tax Value

Evidence of Construction Costs and Comparable Assessments Insufficient to Challenge Indiana Homeowner’s Property Tax Value

In Guthrie v. Clark County Assessor (August 13, 2019), Taxpayer challenged the 2018 assessment of her home, pole barn and other improvements before the Indiana Board of Tax Review. She argued that the actual construction costs were below the assessed value. Taxpayer’s husband was a builder and contractor, and … [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...]