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Friday, December 04, 2015

Ind. Gov't. - "CVS wins another tax appeal; ruling could cost Monroe County $129K"

The ILB had a post on Aug. 25th (the first in a series) headed "First it was the big boxes, now the CVS stores ...". Today Ernest Rollins reports in the Bloomington Herald-Times in a $$ story that begins:

The CVS store along Ind. 46 in Ellettsville could get an estimated $129,000 tax refund after the Indiana Board of Tax Review ruled in its favor following an appeal of the county’s assessments.

This is the second appeal the county has lost involving CVS stores within Monroe County, bringing the total of the potential refund to the national pharmaceutical chain to $277,000, not including interest that might be due. The Ellettsville store appealed assessments from 2007 to 2013, and the board of tax review ruling reduced the assessments for each of those years. In some cases there was a $1 million difference between the old and new assessments.

The tax review board did the same in August when it ruled in favor of the CVS store located on College Avenue that appealed assessments between 2009 and 2013. If the county pays that refund, it would be out an estimated $148,000. There are also CVS appeals pending at three more locations throughout the county, County Auditor Steve Saulter said, adding that each appeal is for multiple years of assessments.

ILB: The IBTR website has been updated to include decisions issued during the month of November.

Posted by Marcia Oddi on December 4, 2015 09:19 AM
Posted to Indiana Government