The Indiana Tax Court is taking its oral arguments on the road and heading to Bloomington this week.
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 Indiana Tax Court will hear oral arguments on Thursday concerning Monroe County’s appeal of an Indiana Board of Tax Review decision regarding tax assessments of a Bloomington CVS store.
Last year, the nationwide pharmacy chain’s store on North College Avenue appealed county assessments from 2009 to 2013 and won. If that ruling is upheld, it could mean the county has to pay a refund projected to be more than $150,000…
BLOOMINGTON, Ind. (Aug. 25, 2015) — A tax court ruled in favor of a CVS store in Bloomington, the latest in a series of cases that has county assessors calling for action.