Officials: NTK bringing 198 jobs, $98 million investment to Anderson – Ken de la Bastide – The Herald Bulletin

ANDERSON – A sister company to NTN Driveshaft will make a $98 million investment in Anderson that will bring 198 jobs to the city.

Anderson city officials will announce this morning that NTK Precision Axel Corp. will build a 300,000 square foot facility to the west of the NTN Driveshaft building near 73rd Street and Layton Road.

NTK hopes to start production at the Anderson facility in October 2018. The last of the 198 jobs are expected to be created by 2021.

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Court rejects property tax exemption for Portage Steelworkers hall – Dan Carden – NWITimes.com

INDIANAPOLIS — United Steelworkers Local 6787 is not primarily a charitable or educational entity, and, as a result, its Portage union hall and banquet center are not eligible for a property tax exemption.

In a 12-page ruling, Indiana Tax Court Judge Martha Blood Wentworth rejected the union’s claim that because its members generally are better educated than other citizens due to participation in union activities, and its buildings sometimes are used for free by charitable groups, that it qualifies to pay no property tax.

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Gary’s property tax rates lead the state – Bill Dolan – NWI.com

Gary residents have the dubious distinction of living under the highest property tax rates in the state.

A Times survey of data released by the Indiana Department of Local Government Finance shows Gary’s property owners face a tax rate of more than $7.20 per $100 assessed valuation this year.

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Tax rates are only one part of the equation.  Call Innovative Property Tax Solutions today to see if you are being overassessed on your commercial, industrial, or multi-family residential property taxes.

219-472-8682

INFB Confident Property Tax won’t Fund Roads Bill – Hoosier Ag Today – Andy Eubank

The past week in the Indiana House of Representatives it was all quiet on the road funding front. But work continues behind the scenes with ongoing talks by Senate and House members and constituents about possible amendments to bills put forth. Justin Schneider at Indiana Farm Bureau was happy to tell a Friday conference call that one possible funding mechanism for roads appears to be going away.

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Panel sides against Lowe’s in Bexar County ‘dark store’ property value dispute – Joshua Fetter – San Antonio Express News

A Bexar County arbitration panel rejected arguments by Lowe’s Home Centers to value some of its San Antonio area stores as if they were empty instead of functioning businesses, according to a seven-page decision issued Wednesday.

It’s an argument the North Carolina-based company has successfully used in Michigan and Indiana where major retailers have driven down property values and tax revenue. City officials say a victory for Lowe’s could cost area taxpayers more than $272 million over five years if the home improvement retailer wins.

Read More…http://www.expressnews.com/business/local/article/Panel-sides-against-Lowe-s-in-Bexar-County-10854394.php