CVS might need some Tylenol to soothe its property tax headache in Bloomington, Ind. where the Indiana Tax Court won’t prescribe a discount the retailer sought for a pharmacy’s valuation.
In April, the Indiana Supreme Court handed Kohl’s Corp. a victory when it agreed not to review a lowered property assessment that was awarded to one of Kohl’s stores because of the growing vacancy and dropping values of other shopping centers in its area.
If you think your business is overpaying property taxes, give us a call to find out. 219-472-8682.
ST. JOHN TOWNSHIP — Large increases in home values has many St. John Township residents up in arms and trekking to the township assessor’s office to file an appeal.
If you think you are overpaying on your property taxes, give us a call and we can help you find out. 219-472-8682.
SOUTH BEND — Chuck Watts was unhappy to learn recently that he’d pay more in property taxes this year after the county increased the taxable value of his Centre Township home by more than $20,000.
“I was shocked,” said Watts, who has lived there since 1993 and has never seen such an increase. He plans to appeal the $164,000 assessment.
If you have a commercial/industrial property or multi-family rental that you feel you may be overpaying your property taxes on, give us a call. Our risk-free review and analysis of your situation could save you hundreds, even thousands of tax dollars. 219-472-8682.
MISHAWAKA — St. Joseph County will refund more than $500,000 in property taxes collected from Meijer after agreeing that assessments of the chain’s Bremen Highway store here should have been lower from 2006 through 2011.
A long running dispute between the county and Belterra Resort Indiana, LLC may result in the county repaying property tax money to the Casino.
At the April meeting of the Switzerland County Council, county officials discussed the situation, which has been going on since 2009. At the center of the controversy has been Belterra’s assertion that the property is assessed at a greater value than it should be. The casino contends that if it had been correctly assessed at the lower rate it maintains, then it would not have paid the amount of property taxes that it has – and the county should repay that overrage amount to the corporation.
Hundreds of thousands of dollars in property taxes are at stake in a legal brawl between big-box stores and St. Joseph County.
Three Meijer and two Kohl’s stores in the county have appealed their property assessments for multiyear periods.
The retailers, faced with challenges as more people shop online, want to slash property taxes by arguing stores should be taxed the same as vacant ones, also known as dark boxes.
The Indiana Supreme Court’s decision Thursday not to hear a case will likely cost local governments millions of dollars in property tax revenue.
The conflict surrounds property tax valuations of big box stores – in this case, a Kohl’s. Local governments say the assessment should be based on how much value the property is worth to the current user, not some hypothetical future user.
INDIANAPOLIS — United Steelworkers Local 6787 is not primarily a charitable or educational entity, and, as a result, its Portage union hall and banquet center are not eligible for a property tax exemption.
In a 12-page ruling, Indiana Tax Court Judge Martha Blood Wentworth rejected the union’s claim that because its members generally are better educated than other citizens due to participation in union activities, and its buildings sometimes are used for free by charitable groups, that it qualifies to pay no property tax.
The Indiana Tax Court is taking its oral arguments on the road and heading to Bloomington this week.