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...]

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...]

Tax Court rejects Indiana Board’s “Throwing Darts” to Conclude to a Capitalization Rate That Neither Party’s Appraiser Offered Into Evidence 

Tax Court rejects Indiana Board’s “Throwing Darts” to Conclude to a Capitalization Rate That Neither Party’s Appraiser Offered Into Evidence 

Name:  Madison County Assessor v. Sedd Realty Company Date Issued:  May 22, 2019 Property Type: Shopping Center Assessment Dates: 2009-2012 Point of Interest:  The Indiana Board of Tax Review acted arbitrarily and capriciously by applying a capitalization rate that no appraiser relied upon and that was … [Read more...]

Despite Market Value USPAP Appraisal and $0 Acquisition Price, Owner of Special Purpose Property Failed to Prove Assessment of Property Should be Reduced

Despite Market Value USPAP Appraisal and $0 Acquisition Price, Owner of Special Purpose Property Failed to Prove Assessment of Property Should be Reduced

Name: Wigwam Holdings LLC v. Madison County Assessor Date Issued: May 8, 2019 Property Type: 220,000 SF building, including a natatorium, auditorium and 8,996 seat basketball facility Assessment Date: March 1, 2015 Point of Interest: Wigwam Holdings LLC (“Holdings”) claimed that an appraisal and … [Read more...]

Summary of 2019 Property Tax Legislation Passed by the Indiana General Assembly

Summary of 2019 Property Tax Legislation Passed by the Indiana General Assembly

The Indiana General Assembly concluded its 2019 legislative session last week, and several bills that passed address Indiana property tax issues, both procedural and substantive.  Below is a high level summary of several noteworthy bills.  Each bill has passed both legislative chambers, but most have not yet been … [Read more...]