Downtown skyscraper sales reset valuations
Four high-profile downtown office towers that recently attracted out-of-state buyers have become embroiled in disputes over their property tax assessments.
Four high-profile downtown office towers that recently attracted out-of-state buyers have become embroiled in disputes over their property tax assessments.
The Indiana Board of Tax Review ruled in December that the East 96th Street Meijer store—one of the most successful in the state—should have been assessed in 2012 at the equivalent of $30 per square foot, not the $83 per square foot assigned by Marion County.
Justices turned away appeals from five states including Indiana seeking to prohibit same-sex marriage. The court’s order immediately ends delays on such marriages in those states but leaves the Constitutional question hanging.
Carmel, Fishers and Noblesville are trying to head off appeals that cause tax revenue to come in lower than expected, especially for projects within tax-increment-financing districts.
The Obamacare tax credits that brought nearly $400 million to Indiana this year to help Hoosiers buy health insurance could go away after a federal appeals court ruled Tuesday they were illegal.
A years-long fight between Marion County and mall developer Simon Property Group Inc. has moved to the Indiana Tax Court as a judge weighs vastly different estimates of the values of Lafayette Square Mall and Washington Square Mall.
Madison County officials say the company that owns the race track owes $125,000 in overdue property taxes. The Speedway believes it has been charged too much.
AppealTrack’s simplicity gains attention in growing market for firms managing property tax appeals.
Marion County is granting Simon Property Group Inc. a $2.4 million refund, after a tax review board cut the value of Lafayette Square Mall and Washington Square Mall roughly in half.
Shelbyville racetrack and casino could save millions if it successfully contests the way Indiana interprets state tax law.
Hollywood Bar and Filmworks owner Ted Bulthaup said higher parking rates following Conseco Fieldhouse’s opening
drove his patrons away.
The IRS agreed.
More than one in four Marion County commercial and industrial property owners has appealed its property tax assessments this
year, and the challenges often are paying off in a big way.
In 2005, assessors valued the 559-acre Indianapolis Motor Speedway at $34.4 million for property tax purposes. According to
the latest Marion County reassessment, it now has a market value of $170 million. Thousands of other businesses also would
see extraordinary spikes in property values, according to an IBJ analysis of the latest assessment data.