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.

Supreme Court Passes On Costly Big Box Store Property Tax Case – Indiana Public Media – Brandon Smith

The Indiana Supreme Court’s decision Thursday not to hear a case will likely cost local governments millions of dollars in property tax revenue.

The conflict surrounds property tax valuations of big box stores – in this case, a Kohl’s. Local governments say the assessment should be based on how much value the property is worth to the current user, not some hypothetical future user.

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Tax court to consider local CVS assessments – Herald Times Online – Ernest Rollins

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…

Read More…http://www.heraldtimesonline.com/news/local/tax-court-to-consider-local-cvs-assessments/article_531f92cf-654d-5f4a-b10d-644eea065110.html