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.
The Indiana Tax Court is taking its oral arguments on the road and heading to Bloomington this week.
The Indiana Tax Court has reversed an educational property tax exemption for a Carmel daycare after finding that the land’s owner failed to properly compare the total time the property was used for educational purposes against the total time the daycare utilized the land.
A Bexar County arbitration panel rejected arguments by Lowe’s Home Centers to value some of its San Antonio area stores as if they were empty instead of functioning businesses, according to a seven-page decision issued Wednesday.
It’s an argument the North Carolina-based company has successfully used in Michigan and Indiana where major retailers have driven down property values and tax revenue. City officials say a victory for Lowe’s could cost area taxpayers more than $272 million over five years if the home improvement retailer wins.
The Pines Village Retirement Communities in Valparaiso has appealed to the state to recover tax exemptions on more than $20 million in assessed value on its apartments and Meridian Woods Homes condominium development.
The Indiana Tax Court affirmed an appraisal of $592,000 for a woman’s property, holding the owner appealing the judgment failed to relate her evidence for a lower appraisal to a Jan. 1, 2008, valuation date.
The Indiana Board of Tax Review did not err when it reduced the property assessments of Lafayette Square Mall for 2006 and 2007, the Indiana Tax Court ruled Friday.
More than 61,000 Lake County property owners should have received notices by now in the mail detailing the changes to their assessed values for 2015. Although Lake County does not always send notices, about one fourth of the county’s parcels have already gone through the first year of the general reassessment and their values have been adjusted accordingly.
Is your commercial or industrial property being over-assessed? Now is the time to act. If you received a notice from the assessor’s office don’t wait until the tax bills come out. It will be too late. Give us a call to have a risk-free review and analysis performed on your property. You could be over-paying valuable tax dollars that could be used toward your bottom line.
The deadline is coming up November 30th for all Lake County tax payers that received a notice on their property.