September 25, 2016

On September 7, 2016, the Indiana Tax Court upheld the Indiana Board of Tax Review’s final determination approving the taxpayer’s appraisal in Howard County Assessor v. Kohl’s Indiana, LP.  The Court stood by its prior decisions regarding Indiana’s market value-in-use (MVIU) standard.  The Court emphasized that it will continue to follow these decisions and its holdings concerning the MVIU standard.  Contact Paul Jones with any questions concerning the impact of this case in Indiana.