Assessments

Marion County, Simon tangle over value of malls

October 29, 2013
Indiana Lawyer Staff, Dave Stafford
A years-long fight between Marion County and mall developer Simon Property Group Inc. has moved to the Indiana Tax Court as a judge weighs vastly different estimates of the values of Lafayette Square Mall and Washington Square Mall.
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Anderson Speedway fights bill for overdue taxes

August 1, 2013
Associated Press
Madison County officials say the company that owns the race track owes $125,000 in overdue property taxes. The Speedway believes it has been charged too much.
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Tax bills slashed for pair of ailing mallsRestricted Content

October 20, 2012
Kathleen McLaughlin
Marion County is granting Simon Property Group Inc. a $2.4 million refund, after a tax review board cut the value of Lafayette Square Mall and Washington Square Mall roughly in half.
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Marion County refigures property values amid errors

October 15, 2012
Associated Press
Indianapolis taxpayers wondering what their property is worth might have to wait until December because of widespread errors discovered in local assessments.
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Assessor predicts 2010 property tax bills will be on time

December 30, 2009
Peter Schnitzler
Indianapolis property tax bills, paid in two installments due in May and November, should be sent without delay for the first year since 2006.
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Advisory panel urges EPA to back plan to pay for green projects via property taxRestricted Content

November 28, 2009
Chris O'Malley
By issuing “voluntary environmental improvement bonds,”, local and state governments could create special taxing districts that finance homeowner purchases of everything from solar panels to rain gardens.
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MARCUS: Let's reassess reassessmentRestricted Content

June 1, 2009
Morton Marcus
The process of assessment could be simplified and performed uniformly and inexpensively.
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Tax caps thrill homeowners, assessments chill businessesRestricted Content

December 29, 2008
Peter Schnitzler
Soaring property taxes were arguably Indiana's biggest problem in 2007. In 2008, the Legislature approved property tax caps as a solution. But because the caps haven't been implemented, debate is still raging over the consequences the caps will have for local governments and whether they should be made permanent.
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Appeals pay off for biz ownersRestricted Content

December 8, 2008
Peter Schnitzler
More than one in four Marion County commercial and industrial property owners has appealed its property tax assessments this year, and the challenges often are paying off in a big way.
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Assessor consolidation is a mustRestricted Content

November 3, 2008
We have a long-standing policy of not endorsing political candidates, but there's no such policy where ballot initiatives are concerned. So we urge our readers to vote "yes" on assessor consolidation.
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Residents to decide fate of township assessorsRestricted Content

November 3, 2008
Peter Schnitzler
In this election, citizens must decide whether the assessing duties of the elected township assessor in the township should be transferred to the county assessor.
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Flood of appeals expected after rushed biz property-tax assessmentRestricted Content

March 17, 2008
Peter Schnitzler
In 2005, assessors valued the 559-acre Indianapolis Motor Speedway at $34.4 million for property tax purposes. According to the latest Marion County reassessment, it now has a market value of $170 million. Thousands of other businesses also would see extraordinary spikes in property values, according to an IBJ analysis of the latest assessment data.
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Property-tax reassessment may not be fix-allRestricted Content

August 13, 2007
Peter Schnitzler
The property-tax reassessment process that Gov. Mitch Daniels ordered last month will take five months and cost up to $3 million. But don't expect it to significantly alter the property-tax equation, warns Franklin Township Assessor Becky Williams, who also serves as president of the Indiana Assessors Association.
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Class A towers paying B taxesRestricted Content

August 6, 2007
Cory Schouten
When it comes to advertising and marketing, the city's two tallest skyscrapers are Class A, all the way. But throw out that notion at tax time. The owners of Chase Tower and OneAmerica Tower--and some of the city's other large office buildings--have successfully lobbied for lower building "grades" that save them big bucks on property taxes.
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Property reassessment could be painful processRestricted Content

July 30, 2007
Peter Schnitzler
Indiana's property tax woes are already a headache for Marion County homeowners. Now the cure is becoming a migraine for area businesses, local elected officials and regional economic developers, too.
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Aging IT system contributes to property-assessment woesRestricted Content

July 16, 2007
Peter Schnitzler
Indiana deliberately chose not to invest the tens of millions necessary for technology that could provide an accurate property-tax forecast. Instead, the state relied on an aging patchwork of property tax software that allows officials only to guess whether assessed valuations of homes and businesses are correct.
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Dramatic tax hikes predicted for homeownersRestricted Content

June 4, 2007
Peter Schnitzler
A former head of the Indiana Department of Local Government Finance says some Marion County homeowners soon could see property-tax increases of as much as 50 percent--far higher than government officials estimated. In part, that's because of Indiana's decision five years ago to abolish the inventory tax.
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County property tax hit loomingRestricted Content

April 30, 2007
Peter Schnitzler
Taxes on Marion County commercial and industrial properties soon may go up sharply. The Indiana Department of Local Government Finance, which oversees the state property tax system, has ordered a complete reassessment of the county's commercial and industrial properties.
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