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Monday, May 16, 2016

Ind. Courts - Oral argument set before Tax Court in first big-box/dark box appeal

"Tax court to consider local CVS assessments" is the headline to this story today by Ernest Rollins of the $$ Bloomington Herald-Times.

This is not the first big box/dark box appeal to be heard by the Tax Court. That occurred Jan 15th, in the Kohl's Howard County appeal - details here.

A few quotes from today's H-T story:

The Indiana Tax Court will hear oral arguments on Thursday concerning Monroe County’s appeal of an Indiana Board of Tax Review decision regarding tax assessments of a Bloomington CVS store.

Last year, the nationwide pharmacy chain’s store on North College Avenue appealed county assessments from 2009 to 2013 and won. If that ruling is upheld, it could mean the county has to pay a refund projected to be more than $150,000.

The decision was the first of three, so far, with CVS stores on West Third Street near College Mall in Bloomington and on Ind. 46 in Ellettsville also filing appeals. County Assessor Judy Sharp said all the CVS stores in the county are appealing assessments except the new store on Kirkwood Avenue. * * *

Sharp said in the College Avenue store case before the court, “dark box” data was used as part of the appraisal process for the CVS store site. Ross said “dark box” is a term for vacant properties whose inventory has been removed after the business has shut down.

See more on the upcoming argument here.

Posted by Marcia Oddi on May 16, 2016 10:55 AM
Posted to Ind. Adm. Bd. Decisions | Ind. Tax Ct. Decisions | Indiana Courts