Quick Property Tax Cuts:  Indiana Board of Tax Review Final Determinations (June – August 2020) – market data necessary; purchase price probative; vague testimony not probative

Quick Property Tax Cuts:  Indiana Board of Tax Review Final Determinations (June – August 2020) – market data necessary; purchase price probative; vague testimony not probative

Reports should “set out the main points in a series of short, crisp paragraphs. . . .  Let us not shrink from using the short expressive phrase, even if it's conversational.”  Winston Churchill (as quoted in The Splendid and the Vile by Erik Larson, pages 154-55). Case: Mutchner, LLC v. Vigo County … [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...]

Has your Indiana property tax assessment increased?  Four reasons the burden of proof may have shifted to the Assessor to prove the higher value should stick.  Appeals due no later than June 15th.

Has your Indiana property tax assessment increased? Four reasons the burden of proof may have shifted to the Assessor to prove the higher value should stick. Appeals due no later than June 15th.

Did you or your company open your property tax bill or assessment notice from an Indiana assessor this spring and experience sticker shock? If so – whether retail, office, apartments, industrial, or something else – you can file a petition to challenge that higher value on or before June 15, 2020. Depending on the … [Read more...]

Hospitals, Hotels and Abatements — Indiana Tax Court tackles Property Tax Caps

Hospitals, Hotels and Abatements — Indiana Tax Court tackles Property Tax Caps

In two recent opinions and one from last spring, the Indiana Tax Court considered whether property taxes for hospitals and hotels should be calculated using the 2% or 3% tax caps.  In both opinions, the Court held that use of the 3% was appropriate under the plain language of the tax cap provisions.  In the third … [Read more...]

Indiana Property Tax Legislation – 2020 Summary

Indiana Property Tax Legislation – 2020 Summary

The 2020 "short" (non-budget) session of the Indiana General Assembly concluded in March. Following is a summary of two acts addressing various property tax matters that passed.  The summary highlights assessment and exemption provisions in those bills.  It is not an exhaustive list.  Readers are encouraged to … [Read more...]

Indiana Tax Court affirms rejection of Tenant’s claims that Assessor improperly included value of land in taxable leasehold interest

Indiana Tax Court affirms rejection of Tenant’s claims that Assessor improperly included value of land in taxable leasehold interest

Name: Square 74 Associates LLC v. Marion County Assessor Date Issued: December 3, 2019 Property Type: 7-story 209,888 square foot public parking garage with 31,000 square feet of first floor retail consisting of five tenant suites Tax Years: 2008 – 2011 Point of Interest: Where a lease failed to … [Read more...]