Downtown skyscraper sales reset valuations
Four high-profile downtown office towers that recently attracted out-of-state buyers have become embroiled in disputes over their property tax assessments.
Property taxes
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Hamilton Southeastern Schools considering spring referendum
The Hamilton Southeastern School Board on Tuesday morning postponed a vote that could have put a referendum over a property-tax hike on the November general election ballot.
Pork purveyor to build $43.5M facility, hire 260
John Morrell Food Group, one of the oldest meat manufacturing firms in the nation, plans to build and equip a massive refrigerated distribution center just east of Indianapolis.
Legislation tackles big-box retail valuation issue
The bill comes as assessors around the state worry that recent Indiana Board of Tax Review decisions in favor of Meijer and Kohl’s will force them to slash the value of big-box stores during the upcoming spring assessment cycle.
Bill seeks to limit referendums to general elections
Lawmakers raised questions and community leaders testified against a bill that would require that referendums for school and government construction projects occur only during general elections every other year.
Meijer tax ruling may reverberate statewide
The Indiana Board of Tax Review ruled in December that the East 96th Street Meijer store—one of the most successful in the state—should have been assessed in 2012 at the equivalent of $30 per square foot, not the $83 per square foot assigned by Marion County.
Biotech firm Algaeon switches gears, stays in Indy
After planning a move to Westfield, Algaeon Inc. has instead leased new space in Indianapolis for a research and production facility. Planning 25 hires, it is seeking a tax break from the city on $4.9 million in new equipment.
Tax caps have greatest impact for rental-property, farm owners
The owners of rental homes and apartments are among the property owners that are helped most by a tax cap system the state fully implemented in 2010.
Hamilton County communities battle tax appeals
Carmel, Fishers and Noblesville are trying to head off appeals that cause tax revenue to come in lower than expected, especially for projects within tax-increment-financing districts.
Interactive Intelligence seeks city tax breaks for expansion
Indianapolis is considering nearly $2.6 million in tax breaks over 10 years as an incentive for Interactive Intelligence’s planned $28 million investment.
States could be expanding wealth gap with tax policies
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.
Strapped schools are wheeling and dealing with municipalities
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.
Sweetener maker plans $21M in improvements, 151 new jobs
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.
City to consider $7.7M bond issue to assist Broad Ripple project
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.
Apparel firm requests tax break on $15M project
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.
Senate bill seeks to cut corporate income and property taxes
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.
Report: Ditching business property tax shifts burden to others
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.
Declining tax collections eat away at state’s fiscal footing
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.
T2 Systems loses tax break over technicality
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.
Marion County, Simon tangle over value of malls
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.