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.
ST. JOHN TOWNSHIP — Large increases in home values has many St. John Township residents up in arms and trekking to the township assessor’s office to file an appeal.
If you think you are overpaying on your property taxes, give us a call and we can help you find out. 219-472-8682.
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.
GRIFFITH — The Town Council has withdrawn its 2016 petition to leave Calumet Township and said it will soon file a new one.
“There is no stopping our effort to leave the township,” Council President Rick Ryfa, R-3rd, said.
MISHAWAKA — St. Joseph County will refund more than $500,000 in property taxes collected from Meijer after agreeing that assessments of the chain’s Bremen Highway store here should have been lower from 2006 through 2011.
A Cook County steel plant is laying the groundwork to relocate to Gary, Ind., after winning the Gary Redevelopment Commission’s go-ahead this week for a 25-acre purchase of industrial land.
The move by Alliance Steel Corp. prompted observers of Illinois’ business climate to say it reflects a continuing out-migration of Illinois businesses looking to escape high taxes, bad public policies and a looming pension crisis. The company expects to employ about 100 people at its planned 250,000-square-foot plant in Gary.
The late, great George Carlin had a routine about a weather forecaster.
“The forecast for tonight: dark. Continued dark throughout the night, with scattered light in the morning.”
Some predictions are easy.
Predicting the base rate of farmland used to be easy too. The base rate is the starting point for setting the assessed value of farmland for property taxes. The Indiana Department of Local Government Finance recalculates it every year with a capitalization formula. They divide measures of farm income by a rate of return. The base rate for taxes this year is $1,960 per acre.
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.
Voters in three Hamilton County cities passed public school referendums to pay for building expansion in Westfield and teachers and programs in Carmel and Sheridan.
Only 10 of the more than 300 districts in Indiana asked voters to approve a raise in property taxes to benefit the schools during this special election. Three of them — Carmel Clay, Westfield-Washington and Sheridan Community Schools — are in Hamilton County. The area has a precedent for supporting referendums.