Counties push another look at big-box tax appeals

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00
focus-meijer-3-2col.jpg

Indiana county assessors were keeping an open mind early this year when lawmakers passed a law that meant to limit newer big-box stores from using closed or sold retail outlets as comparisons in determining their values for taxation. Assessors hoped the law would provide counties some relief from assessment changes that were draining their coffers.

But now, county officials say that legislative fix wasn’t strict enough. They say big-box stores are skirting their tax burden by using using vacant buildings to determine the value for taxation of brand-new stores.

One study found that, if all stores took advantage, the change in assessed values could have a statewide impact of $120 million in tax revenue from 17,000 commercial property owners.

“It’s of giant concern to local governments,” said Senate President Pro Tem David Long, R-Fort Wayne. “It hurts the schools; it hurts the counties and cities. I think we need to deal with it quickly.”

It’s unclear what another legislative fix would look like, but top Republican lawmakers said the issue is important. Any proposed fix will meet resistance from retailers, who say they’ve been paying too much in property taxes.•

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In