Indiana Tax Court finds no evidence supports increased assessments of convenience store and gas station

Indiana Tax Court finds no evidence supports increased assessments of convenience store and gas station

Property Type:  Convenience store, with gas station Date Issued:  June 14, 2022 Assessment Years:  2018, 2019 Synopsis:  Assessor defended the subject property’s $1.9 Million assessment with a 2014 sales disclosure form ($1.3 Million) and an appraisal as of January 1, 2018 ($2.1 Million).  The Indiana … [Read more...]

Twelve Days of Property Tax Protections for Indiana Taxpayers – Day No. 4:  Appraisals Not Required by Law to Win a Case

Twelve Days of Property Tax Protections for Indiana Taxpayers – Day No. 4: Appraisals Not Required by Law to Win a Case

Appraisals can be costly to prepare, in terms of dollars spent and time invested.  Taxpayers would be at a disadvantage if they were compelled in every case to pay for appraisals to support claims of excessive assessments. While appraisals are often the best evidence of value, they are not the only persuasive … [Read more...]

Twelve Days of Property Tax Protections for Indiana Taxpayers – Day No. 1:  The 5% Burden Shifting Rule

Twelve Days of Property Tax Protections for Indiana Taxpayers – Day No. 1: The 5% Burden Shifting Rule

As we dive into the 2021 holiday season, I wanted to reflect over the next few weeks on a dozen (or so) gifts that have been given to Hoosier taxpayers by the Indiana General Assembly to protect them from excessive, unfair and improper property tax assessments.  First up:  one of the most important taxpayer … [Read more...]

Indiana Supreme Court: Application of a negative adjustment to common area land owned by Homeowners’ Associations, as required under a land order, was “inherently objective” and could be challenged using the former Form 133

Indiana Supreme Court: Application of a negative adjustment to common area land owned by Homeowners’ Associations, as required under a land order, was “inherently objective” and could be challenged using the former Form 133

In Muir Woods Section One Association, Inc., et al. v. Marion County Assessor (August  26, 2021), the Indiana Supreme Court concluded that, while determining value for the base rate of land may be a subjective determination, application of a land order’s negative adjustment to the base rate, once established, was … [Read more...]

No Indiana property tax exemption for land encumbered by flowage easement

No Indiana property tax exemption for land encumbered by flowage easement

On June 29th, the Indiana Tax Court affirmed the Indiana Board of Tax Review’s ruling that land encumbered by a flowage easement did not qualify for a property tax exemption.  In Hatke v. Parke County Assessor, taxpayers owned a home on .66 acres of lakefront land in Rockville, Indiana.  More than half the acreage … [Read more...]

Indiana Board of Tax Review may not “ride in on a white horse to save the day” for Assessor who failed to prove his case

Indiana Board of Tax Review may not “ride in on a white horse to save the day” for Assessor who failed to prove his case

Name: CVS Corporation #2519-01 v. Lake County Assessor and CVS Corporation #0434-01 v. Lake County Assessor Date Issued: May 22, 2020 Property Type: Retail pharmacy Assessment Years: 2007 – 2014, 2012 – 2016 Synopsis: In Indiana property tax appeals, taxpayers and assessors alike are responsible for … [Read more...]