Look Beyond Acquisition Price to Reduce Property Tax Assessments – David A Seuss – Multifamily Executive

Multifamily property owners and appraisers are often creatures of habit. They generally calculate a property’s value for tax purposes the same way they do for an investment. If an apartment complex recently traded for $10 million, the buyer’s appraiser may reason that the property would be assessed at $10 million for taxation purposes.

Read More…


This recent article in the Multifamily Executive highlights a case that Innovative Property Tax Solutions recently won at the Indiana Board of Tax Review.  Our results provided our client thousands of dollars in tax relief.  

Here is a link to the case…

Take a look and call us to see how Innovative can save you valuable tax dollars too!! 219-472-8682

A new Downtown tax is gaining momentum. Here’s what it would mean for you. – Amy Bartner – IndyStar.com

Downtown property owners are getting closer to voluntarily taxing themselves so they can raise more than $3 million a year over the next decade to improve the Mile Square.

Downtown Indy Inc., the city marketing organization leading the move, has more than half the signed petitions it needs for the tax to pass. Downtown Indy President Sherry Siewert said she is confident in getting the rest of the required signatures.

Read More…

Lower Property Taxes are Silver Lining for Landlords in Weak Retail Market – Esther Fung – Fox Business

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.

Read More…

If you think your business is overpaying property taxes, give us a call to find out. 219-472-8682.

Simon sues Starbucks in bid to block mass Teavana closings – Indiana Business Journal Staff – Indiana Lawyer

In an unusual legal move, Simon Property Group Inc. has sued Starbucks Corp. over the coffee giant’s plan to close 78 Teavana stores in its malls across the country.

Indianapolis-based Simon, the country’s largest shopping mall operator, says in the lawsuit that Starbucks is breaching its leases by closing the Teavana stores and “shirking its contractual obligations at the expense of Simon’s shopping centers and the dozens of communities they serve and support.”

Read More…

Decrepit Bank Highlights Pitfalls of Tax Sale System – JORDAN VANDENBERGE – TriState Homepage.com

It is just one of more than 600 properties that are up for sale at Vanderburgh County’s annual tax sale. But a century old building on Evansville’s west side is emblematic of what some describe as a broken system.

Built in the early 1900s, the former Howell Mortage Bank at 3000 Broadway Avenue has been a frequent flyer on the county’s tax sale list. According to property records, it has gone unsold at the annual tax sale every year since at least 2013. It has had five different owners — many of whom are limited liability companies — in the past decade.

Read More…

Steel firm’s plans to leave Cook County for Indiana blamed on anti-business policies – Michael Carroll – Illinois New Network

A Cook County steel plant is laying the groundwork to relocate to Gary, Ind., after winning the Gary Redevelopment Commission’s go-ahead this week for a 25-acre purchase of industrial land.

The move by Alliance Steel Corp. prompted observers of Illinois’ business climate to say it reflects a continuing out-migration of Illinois businesses looking to escape high taxes, bad public policies and a looming pension crisis. The company expects to employ about 100 people at its planned 250,000-square-foot plant in Gary.

Read More…