Property taxes

Interactive Intelligence seeks city tax breaks for expansion

June 17, 2014
Dan Human
Indianapolis is considering nearly $2.6 million in tax breaks over 10 years as an incentive for Interactive Intelligence's planned $28 million investment.
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States could be expanding wealth gap with tax policies

June 5, 2014
Associated Press
Politicians in Indiana and other states hope tax cuts for businesses will boost their economies, but those and other moves could be contributing to the income gap limiting growth in U.S. consumer spending.
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Strapped schools are wheeling and dealing with municipalities

May 17, 2014
Andrea Muirragui Davis
State-mandated tax caps are putting additional pressure on public budgets—and spurring local governments to take unusual steps to help their cash-strapped schools.
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Sweetener maker plans $21M in improvements, 151 new jobs

March 31, 2014
 IBJ Staff
Carmel-based Heartland Food Product Groups is seeking nearly $1 million in tax breaks on building work and new equipment for its Indianapolis production facility.
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City to consider $7.7M bond issue to assist Broad Ripple project

March 18, 2014
Scott Olson
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
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Apparel firm requests tax break on $15M project

March 17, 2014
 IBJ Staff
OSP Group is in the midst of re-evaluating its national distribution network and has identified major improvements needed at the center, which employs 625.
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Senate bill seeks to cut corporate income and property taxes

January 9, 2014
Olivia Covington,  The Statehouse File
The proposal from Republican leaders would make small companies exempt from tax on business equipment, and cleave the state's corporate income tax to the second-lowest in the nation.
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Report: Ditching business property tax shifts burden to others

December 26, 2013
 The Statehouse File
Gov. Mike Pence's plan to eliminate the tax on business equipment would mean significantly higher taxes for other property owners if the state took no specific action to protect them, according to a new analysis.
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Declining tax collections eat away at state's fiscal footing

December 22, 2013
Associated Press
Indiana's fiscal picture is looking good with about $2 billion in cash reserves and a strong credit rating, but the next few years could leave the state in a fiscal pinch.
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T2 Systems loses tax break over technicality

November 7, 2013
Dan Human
The software developer moved across town to a new address in 2012, which nullified its agreement with the city—although it's still on track to meet its goals for new investment and hiring.
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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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Developer seeks tax break on $16.2M apartment project

October 14, 2013
 IBJ Staff
Indianapolis-based Herman & Kittle Properties Inc. would save $452,000 in property taxes on the development, slated for 22.5 acres on the southwest side.
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T-shirt printer scoping Indy for new facility, 105 jobs

August 2, 2013
 IBJ Staff
Little Raymond's Print Shop Inc. has requested a property-tax break on $975,000 in manufacturing equipment needed for its screen-printing facility.
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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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Hostess prepares to open plant despite tax-break question

June 25, 2013
Kathleen McLaughlin
Hostess Brands LLC has asked the city for a tax abatement on $10 million in new equipment. City officials might decide on July 3, but Hostess is moving ahead with its plans to reopen the plant that closed in November.
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Bill would expand state’s historic preservation tax credit

March 29, 2013
 The Statehouse File
Legislation that was killed last year after passing the Indiana House has been revived this session in hopes of spurring more historic renovation across the state.
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Legislature backs delay for Indiana farmland tax hike

February 18, 2013
Associated Press
New calculations for property taxes on Indiana farmland would be delayed for a year under a proposal approved by the state Legislature.
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Marion County assessor bracing for more tax appeals

January 23, 2013
Scott Olson
Marion County property-tax appeals from the 2012 assessment are due Monday and will add to a backlog of roughly 27,000 existing appeals from previous years that the office is continuing to wade through.
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Indiana farmers fear estate tax changes

December 14, 2012
Associated Press
Indiana farmers say they have a lot to lose should the nation go over the so-called fiscal cliff, a set of automatic spending cuts and tax hikes set to take effect in January unless the White House and Republicans negotiate a compromise.
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Deadline looms to refile for homestead tax break

December 10, 2012
Scott Olson
The law, passed in 2009, says Hoosier homeowners will lose their deduction beginning in 2013 if they don't complete and return a homestead verification form by Jan. 1.
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Tax software upstart proves appeal to major companiesRestricted Content

December 8, 2012
Chris O'Malley
AppealTrack's simplicity gains attention in growing market for firms managing property tax appeals.
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Report backs simpler Indiana local tax system

November 13, 2012
Associated Press
A new report on Indiana's local income taxes urges state legislators to simplify a system that has seven types of taxes and a two-year lag before the money collected by the state is distributed to local governments.
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Report tallies local government debt loadsRestricted Content

October 27, 2012
Kathleen McLaughlin
A new reporting requirement on local governments gives taxpayers unprecedented access to debt information, but the data is also likely to raise many questions.
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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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WFMS property fetches $625,000 bid in county tax sale

October 8, 2012
Scott Olson
Suburban New Orleans investment firm National Tax Asset Fund LLC placed the bid during the Marion County tax sale that ended Friday. WFMS parent Cumulus Media Inc. owns the property and owes more than $80,000 in back taxes.
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