GRIFFITH — After gaining an additional year to join another township, Griffith is already planning its next move — if its quest to leave Calumet Township continues to stall.
Originally the town had until Nov. 13, 2019, to join St. John Township and Nov. 20 for North Township.
However, Gov. Eric Holcomb recently signed a bill that “effectively gives Griffith two years to enter into a new township,” Council President Rick Ryfa, R-3rd, said.
This gives Griffith until November 2020 to be admitted into one of these two townships.
HOBART — Tax abatement has been finalized in association with Albanese Confectionery Group’s latest production expansion.
Albanese is investing about $60 million in manufacturing equipment for gummies and chocolate, and the company plans to begin the operations expansion project “almost immediately” now that the City Council has completed the traditional 10-year personal property tax abatement request, Mayor Brian Snedecor said.
SOUTH BEND — The South Bend Common Council unanimously approved property tax breaks for six business development projects Monday night, including two that especially signal a strong local economy, a city administration staffer told the council.
The real and personal property tax abatements, combined, will give the businesses more than $7.6 million in tax discounts in exchange for creating 62 new jobs, or $123,161 of tax reduction per new job.
INDIANAPOLIS – A House panel approved a bill Monday that would reverse a court ruling on what constitutes a tax in Indiana.
Lawmakers are trying to undo an Indiana Tax Court ruling that could have profound negative impacts on local government finance around the state.
But even some of the legislators in support of the measure disagree with the basis of the bill – a user fee versus a tax.
Rep. John Young, R-Franklin, said he isn’t sure the case “is going to turn everything on its head” but that it puts the legislature in a tough position.
He added that you can call them fees all you want but “I don’t know why a stormwater fee that you can’t opt out of isn’t a property tax.”
MERRILLVILLE — The estimated cost to construct a new community center hasn’t been determined, but town officials have been discussing a potential bond issue to help fund the development.
Recent discussions have involved pursuing a tax increment financing district bond of $14.9 million.
Town Council President Richard Hardaway said Merrillville hasn’t finalized the amount of the potential bond because town leaders are waiting for a final cost estimate for the construction of the center that will be located on land Merrillville has acquired in the 6600 block of Broadway.
Indiana recently amended certain provisions of its state statutes and regulations relating to the state’s real property tax sale notice requirements and dollar amount threshold for high cost loans. These changes are effective July 1, 2018.
Tax breaks for some significant industrial and commercial investments in Terre Haute are making their way through the approval process. The procedure requires two votes by the City Council, the mayor’s signature and action by the city’s Board of Public Works and Safety.
The public works board signed off Tuesday on property tax abatements totaling $4.4 million on $48 million in investments that businesses say will create or retain 158 jobs with annual payrolls totaling $8.2 million. Salaries would range from $42,567 to $75,000.
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.
If you think your business is overpaying property taxes, give us a call to find out. 219-472-8682.
A Hendricks County lodge that hosts both charitable and social events cannot qualify for tax exempt status because the organization that owns the lodge failed to prove it is a fraternal association or that the use of the lodge is for predominantly charitable purposes, the Indiana Tax Court has ruled.
An outside review of commercial property assessments is the first recommendation from a group working for more efficiency in Terre Haute and Vigo County government.
A 10-member team study team chaired by restaurant owner Scott Womack released a report Wednesday charging that under-assessment is costing the city and county millions of dollars in property tax revenues.