Advocating for Indiana Taxpayers
As Indiana’s leading taxpayer advocate, we would like to share the results of our recently completed industrial market study for Indiana real property tax and how the results of this study could benefit you.
Our study found weakness in real property tax market values for certain industrial property segments. The affected properties are primarily those constructed between 1960 and 1995 in excess of 100,000 square feet. In addition, for properties in excess of 200,000 square feet we found even greater weakness. The primary reason for this weakness is due to changes in building construction over the last 20 years. More recent construction technology and designs have resulted in greater use flexibility and therefore greater demand, leaving older buildings in less demand, thereby driving values down.
Real Property Tax Assessment
Why does this matter?
Like all states, Indiana assesses real property on a mass appraisal basis. This means that property tax assessors group large strata of property together to derive assessment models so that they can more efficiently assess large volumes of properties in a relatively short time period. The problem is that these models often do not accurately reflect actual, real-time market conditions coupled with the facility’s individual unique characteristics. Based on our study, we believe that many Indiana real property tax parcels within the parameters mentioned above are materially over-assessed.
Baden Tax Management: Tax Consulting You Can Trust
Let us help you get your property valued correctly.
We will:
- Conduct an on-site inspection of your property
- Complete an assessment/valuation analysis to determine the correct value
- Discuss findings with assessing officials; negotiate assessment reduction
- If necessary, file formal appeal
We are results-driven: NO SAVINGS, NO FEE.
Contact us to schedule a meeting with one of our valuation experts.
