Property tax assessment at center of issue with County and Belterra – Vevay Media Group

A long running dispute between the county and Belterra Resort Indiana, LLC may result in the county repaying property tax money to the Casino.

At the April meeting of the Switzerland County Council, county officials discussed the situation, which has been going on since 2009. At the center of the controversy has been Belterra’s assertion that the property is assessed at a greater value than it should be. The casino contends that if it had been correctly assessed at the lower rate it maintains, then it would not have paid the amount of property taxes that it has – and the county should repay that overrage amount to the corporation.

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Downward trend: Predicting base rate of farmland for property taxes – Larry DeBoer – Reporter.net

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.

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Meijer and Kohl’s aim to slash their property taxes in St. Joseph County – Ted Booker – South Bend Tribune

Hundreds of thousands of dollars in property taxes are at stake in a legal brawl between big-box stores and St. Joseph County.

Three Meijer and two Kohl’s stores in the county have appealed their property assessments for multiyear periods.

The retailers, faced with challenges as more people shop online, want to slash property taxes by arguing stores should be taxed the same as vacant ones, also known as dark boxes.

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Property tax fiscal cliff focus of forum – Jeff Parrott – South Bend Tribune

SOUTH BEND — A group focusing on economic justice issues plans to lobby the South Bend Common Council to start requiring businesses that receive property tax breaks to pay workers at least the minimum wage earned by city employees.

That’s one of several proposals that Marty Wolfson, a retired University of Notre Dame economics professor, wants local elected officials to embrace as they struggle to maintain services in the face of declining property tax revenues over the next three years.

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St. Joseph County leaders push assessor to cooperate with property tax study – Ted Booker – South Bend Tribune

SOUTH BEND — St. Joseph County commissioners are pushing the assessor, Rosemary Mandrici, to cooperate with a property tax study, with one even threatening part of the funding for her office.

The conflict comes as only three months are left on the year-long, $125,000 taxpayer-funded study of property assessments led by enFocus, a South Bend consulting firm that specializes in data analysis.

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Predicting the Base Rate of Farmland for Property Taxes – Larry DeBoer – cattlenetwork.com

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 state’s Department of Local Government Finance (DLGF) 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.

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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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3 Hamilton County school districts pass referendums – IndyStar – Emma Kate Fittes

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.

Read more…http://www.indystar.com/story/news/local/hamilton-county/2017/05/02/3-hamilton-county-school-districts-pass-referendums/101195884/

 

U.S. Property Taxes Levied On Single Family Homes In 2016 Total More Than $277 Billion – Attom Data Solutions – PR Newswire

IRVINE, Calif.April 6, 2017 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s largest fused property database, today released a 2016 property tax analysis for more than 84 million U.S. single family homes, which shows that property taxes levied on single family homes in 2016 totaled $277.7 billion, an average of $3,296 per home and an effective tax rate of 1.15 percent.

The report analyzed property tax data collected from county tax assessor offices nationwide at the state, metro and county level along with estimated market values of single family homes calculated using an automated valuation model (AVM). The effective tax rate was the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.

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House Panel Passes Bill to Take Over Gary, Muncie Schools – Brian Slodysko – US News

INDIANAPOLIS (AP) — State-appointed emergency managers would take control of financially troubled school districts in Gary and Muncie under a bill advancing in the Indiana Legislature, which creates a blueprint that could be used to take over other distressed districts in the future.

Financial problems with both districts have been well documented, though officials for Muncie Community Schools joined lawmakers from the area to plead unsuccessfully for a reprieve during a Monday hearing.

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