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 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.
A panel of lawmakers is grappling with a growing controversy over how property tax values of so-called “big box” stores – like Walmart, Kroger and Walgreens – are assessed…
Most governmental units receive the bulk of their funding from property taxes. The amount a property owner pays is determined by an assessed value. In Howard County, those assessed values have been in decline for years.