$4.4M in city tax breaks on track for approval – Dave Taylor – Tribune Star

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.

Read More…

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.

Read More…

If you think your business is overpaying property taxes, give us a call to find out. 219-472-8682.

Simon sues Starbucks in bid to block mass Teavana closings – Indiana Business Journal Staff – Indiana Lawyer

In an unusual legal move, Simon Property Group Inc. has sued Starbucks Corp. over the coffee giant’s plan to close 78 Teavana stores in its malls across the country.

Indianapolis-based Simon, the country’s largest shopping mall operator, says in the lawsuit that Starbucks is breaching its leases by closing the Teavana stores and “shirking its contractual obligations at the expense of Simon’s shopping centers and the dozens of communities they serve and support.”

Read More…

Group calls for review of commercial tax assessments – Dave Taylor – Tribune Star

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.

Read More…

The odds are good if you appeal your property assessment in St. Joseph County – Erin Blasko – South Bend Tribune

SOUTH BEND — Chuck Watts was unhappy to learn recently that he’d pay more in property taxes this year after the county increased the taxable value of his Centre Township home by more than $20,000.

“I was shocked,” said Watts, who has lived there since 1993 and has never seen such an increase. He plans to appeal the $164,000 assessment.

Read More…

If you have a commercial/industrial property or multi-family rental that you feel you may be overpaying your property taxes on, give us a call.  Our risk-free review and analysis of your situation could save you hundreds, even thousands of tax dollars.  219-472-8682.