« Ind. Gov't. - Still more on: First it was the big boxes, now the CVS stores ... | Main | Ind. Decisions - 7th Circuit decides one Indiana case today »

Tuesday, September 08, 2015

Ind. Gov't. - Yet more on: First it was the big boxes, now the CVS stores ...

Updating this post from earlier this afternoon, here now is the August 19th 38-page IBTR ruling in CVS v. Monroe County Assessor.

The ruling discusses the 2015 legislation beginning at p. 28:

#86. After the Tax Court decided the cases discussed above, the General Assembly enacted 2015 Ind. Acts 249, relevant parts of which are codified in Ind. Code § 6-1.1-4-44 as follows: * * *

#87. This statute is relevant to these appeals. It limits the sales that may be used in determining the true tax value for properties, like the subject property, that have been part of a sale leaseback transaction. As discussed below, that has ramifications for the experts’ sales comparison analyses in these appeals. But it does not purport to significantly change the true tax value standard as interpreted by the Tax Court.

Since the ILB's earlier post this afternoon, the IBTR website has been updated to include decisions issued during the month of August.

Posted by Marcia Oddi on September 8, 2015 03:36 PM
Posted to Indiana Government