To protect and preserve their right to fair and equitable property tax assessments, taxpayers should understand the fundamentals of Indiana’s assessment system and how to challenge excessive valuations. If you own real...more
Indiana apartment owners and operators enter 2024 with new opportunities to lower their real property tax assessments. Under an updated law effective this year, Ind. Code § 6-1.1-4-39 (Section 39), for property tax assessment...more
Property tax assessments have sharply increased across Iowa, particularly for commercial and industrial property. One report in Polk County noted that “most commercial properties saw their valuations jump 18.9%.” That same...more
Taxpayers in Indianapolis and Marion County, Indiana, may be in for an unpleasant surprise when property tax bills are mailed out in the coming days. Based on assessment data available on the Marion County Assessor’s website,...more
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...more
In its 2022 legislative session, the Indiana General Assembly eliminated important taxpayer protections against large property tax assessment increases by Indiana’s assessing officials. With these changes, a taxpayer is no...more
Indiana taxpayers with property that is or may be exempt from real or personal property tax have up to and including April 1 to file an exemption application (the Form 136, with supporting attachments). Exemptions are not...more
A taxpayer does not have to be a non-profit corporation for its property to qualify for Indiana’s charitable purposes exemption. The Indiana Board of Tax Review confirmed this in a final determination issued on November 9,...more
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....more
In conducting mass valuations, Indiana assessing officials generally apply the cost approach. The 2021 Real Property Assessment Manual states, “The Guidelines adopted by the Department of Local Government Finance provide...more
The Indiana General Assembly has gifted Hoosier landowners another property tax protection by assigning the burden of proof on appeal to the assessor responsible for changing a property’s land classification. The notice of...more
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...more
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,...more
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.
Iowa’s commercial...more
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...more
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...more
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...more
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...more
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...more
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...more
On April 24th, the Indiana Department of Local Government Finance updated its FAQ covering topics related to “COVID-19 & Executive Orders,” as those orders relate to property tax assessments, collections and payments....more
On April 15, 2020, Indiana Governor Eric Holcomb issued Executive Order 20-21 addressing, among other things, “Miscellaneous Assessments & Fees on Property Tax Bills.” Section 4 of the Order states...more
As posted earlier, on March 19, 2020, Indiana Governor Eric Holcomb issued Executive Order 20-05. Section 6(B) of the Order states:
Property taxes remain due on May 11, 2020, however counties are to waive penalties on...more
Property Taxes Must be Paid on or before July 10th to avoid penalties. On March 20th I discussed the Indiana Governor’s Executive Order No. 20-05, which calls for property payments (for the January 1, 2019 assessment date...more
The annual exercise of filing real and personal property tax exemption applications is once again upon Indiana taxpayers, as the April 1 deadline for these applications draws near. If an application is required and not filed,...more