Wigwam Holdings loses assessed value appeal for 2016 taxes – Ken de la Bastide – The Herald Bulletin

ANDERSON — The Indiana Tax Court has denied an appeal filed by Wigwam Holdings to change the assessed value of the iconic facility for 2015 property taxes payable in 2016.

Matt Carr, an attorney for Wigwam Holdings, said Thursday that an appeal could still be filed with the Indiana Supreme Court. He said that option is still being discussed.

Carr said Wigwam Holdings has filed appeals for the 2016, 2017, 2018 and 2019 assessed value on the 220,000-square-foot facility.

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Property Tax Assessments Increase for 56 percent of St. Joseph County parcels – Caleb Bauer – South Bend Tribune

SOUTH BEND — When Ryan and Susan Greutman got their new property assessment in the mail this week, they were left baffled, wondering how a 300-square-foot addition to their home could lead to a 59 percent increase in its assessed value.

The couple extended the front wall of their house on the city’s northwest side, so they expected the value of it to increase. But when they received their notice this week, they saw their assessment jump from $123,000 to $194,400.

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If you haven’t reviewed your new assessment yet, don’t wait. You can view property record, as well as anyone’s, on the county’s geographic information system at http://maps.macog.com/.

Check out you new value and give us a call at 219-472-8682 to see if you are overpaying on your property tax bill. Innovative Property Tax Solutions may be able to help.

$90 million Eli Lilly investment could lead to property tax break – Eric Feldman – WishTV.com

INDIANAPOLIS (WISH) — Eli Lilly and Co. is developing a $90 million building as part of its efforts to fight diabetes and help people with it. 

What has drawn some questions is whether the global pharmaceutical company should get nearly $10 million in tax breaks from the city. 

On Monday night, a City-County Council committee passed the tax break, and it will be up for a vote at the next full council meeting. 

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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.

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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.

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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.

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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.”

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