On March 25, 2014, Indiana Governor Pence signed into law Senate Enrolled Act 420 (“SEA 420”), which became effective on July 1, 2014. SEA 420 instituted several date changes concerning the assessment of tangible property in the State of Indiana. The following is a list of most substantial changes to Indiana’s property tax assessment timeline,...Read More

Recent changes to an Indiana law affect how condominium associations collect unpaid assessments when a unit is sold. The buyer of the condominium has to make sure the prior unit owner has paid all of the assessments or the condominium association has the ability to file a lien against the buyer’s newly-acquired condo. Prior to July...Read More

In a case that may have implications on thousands of miles of former railroads that have since been converted to recreational trails, the U.S. Supreme Court issued a decision on March 10, 2014, in favor of the property owner and against the U.S. Government.  In Marvin M. Brandt Revocable Trust et al. v. United States,...Read More

Due to a recent decision by the Indiana Tax Court in Joseph and Jeanne Hutcherson v. Robin L. Ward, Hamilton County Assessor, Indiana taxpayers may petition to correct errors under Indiana Code 6-1.1-15-12 relating to their property tax assessment beyond the former three (3) year limitation period. The Indiana Tax Court itself noted that its...Read More

Source:  Economic Development Coalition of Southwest Indiana The Economic Development Coalition of Southwest Indiana will be hosting a free workshop on Thursday, September 26, 2013, conducted by the Technical Assistance to Brownfields Program (TAB) at Kansas State University to help communities learn about Brownfield properties and how to fund successful redevelopments through different available resources....Read More

If changes are needed in your farming operations for 2014, you need to give consideration to the proper deadline for notifying your farm operator. The best practice – and quite often the required practice – is to give written notice, sent via certified mail, on or before the statutory deadline in order to properly terminate...Read More

For purposes of property taxes, builders who use their homes as “model residences” may qualify for a fifty percent (50%) deduction of the assessed value of the model residence. Indiana Code § 6-1.1-12.6-1 provides that a “model residence” means real property that consists of a single-family residence, single-family townhouse, or single-family condominium unit that has...Read More

The deadline for registering residential rental property located in Evansville, Indiana, is this Friday, May 31, 2013 (tomorrow).  Failure to register subjects an owner to a civil penalty of One Hundred Dollars ($100) for each violation. Each day that such violation continues shall constitute a separate violation. As you may recall, in February, the Evansville City...Read More

On Wednesday, February 27, 2013, the Evansville City Council unanimously passed Evansville City Ordinance No. G-2013-3 (the “Ordinance”) requiring an owner of “Residential Rental Buildings” to register with the Evansville City Clerk. The registration requires an individual owner to provide certain personal and contact information, and if the owner is an entity, to provide additional...Read More

In 2013, capital gains tax rates are scheduled to increase to 20%, up from the current rate of 15%.  In addition, the so-called “Medicare surtax” of 3.8% will be assessed against net investment income, which will include taxable gains on the sale of “passive” investment real estate.  Due to this anticipated increase in tax rates,...Read More