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...]

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...]

April Brings a Shower of Increased Property Tax Assessments for Iowa Businesses

April Brings a Shower of Increased Property Tax Assessments for Iowa Businesses

Despite the crush of the COVID-19 pandemic, April 2021 brings a shower of increased property tax assessments for Iowa businesses. Now is the time to analyze and consider challenging excessive values. For the full post, go here. … [Read more...]

Will COVID-19 Impact Your Eligibility for an Indiana Property Tax Exemption?

Will COVID-19 Impact Your Eligibility for an Indiana Property Tax Exemption?

Indiana property tax exemption applications must be filed on or before April 1, 2021. To grant an exemption, a county’s property tax assessment board of appeals will look at both the physical status and use of a property as of January 1, 2021 — and will consider its use during the prior calendar year. Many Indiana … [Read more...]

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...]