Griffith contemplates next township move – Charles F. Haber (Times Correspondent) – Newsbug.info

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.

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Tax Court affirms calculated property tax cap on Kokomo property – Katie Stancombe – The Indiana Lawyer

The Indiana Tax Court has affirmed the property tax liability assessed against a Howard County urban development company, finding issue with the company’s argument concerning Indiana’s definition of gross assessed value.

Kokomo Urban Development, LLC owns a moderate-income apartment complex in an economic revitalization area, or ERA, of Kokomo. As a result, Kokomo Urban was entitled to 100 percent ERA deduction for the 2015 tax year and a 50 percent deduction for the 2016 tax year.

In 2016, the Howard County auditor determined Kokomo Urban’s property tax liability was $47,720.46, which did not exceed the calculated 2 percent tax cap amount of $49,134. Kokomo Urban, however, argued its liability should have been capped at $25,000 under Indiana Code section 6-1.1-20.6-7.5. The issue, the company argued, was whether the 2 percent tax cap under that statute should have been applied to the property before or after the ERA deduction.

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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.

Tracking how central Indiana schools are spending tax referendums – Stephanie Wade – RTV6

INDIANAPOLIS — Next month schools will once again ask you to approve money requests on your May ballot. 

As we saw in last year’s elections, passing school referendums can be a hotly contested issue. But when it came down to it, voters mostly backed the schools. 

What was promised to voters in many referendums was to better pay teachers and increased security inside their buildings. RTV6 followed up with several districts that asked for millions of dollars from taxpayers to see if they’ve accomplished what they said they would

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Bill would reverse court ruling defining tax – Niki Kelly – The Journal Gazette

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.”

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Why you’ll likely pay more in property taxes this year – Mary Milz – WTHR.com

INDIANAPOLIS (WTHR) — If you own a home, you’ll soon be getting your property tax bill. Just a head’s up: When you open up your bill you may get hit with a bit of “sticker shock.”

According to the Marion County Treasurer’s Office, 86 percent of homeowners will pay more in property taxes than they did last year. How much more? It depends on several things, including where you live. But bottom line? Deputy Treasurer Joshua Peters said Marion County homeowners are looking at an average increase of roughly eight percent.

“Property values continue to rise as the real estate market continued to do better,” Peters said. That makes for a bigger bill for homeowners.

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$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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Indiana has lowest property taxes in the Midwest, study finds – Joseph S. Pete – NWITimes

In west Lake County, it can seem that a car is almost as likely to have Illinois license plates as Indiana plates in recent years.

Many south suburban Chicago residents have been moving across the state line to Northwest Indiana, especially the Tri-Town area, in search of more home for their buck and lower taxes.

A new study by the personal finance website Wallethub has found property taxes are substantially lower in Indiana than in Illinois — often thousands of dollars lower per year. The average property taxes on a $194,000 home, which would typically be much larger in Northwest Indiana than Illinois because of lower home prices, are $1,679 in Indiana, compared to $4,476 in Illinois.

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