The Indiana Tax Court affirmed 2002 property tax assessments of the Indianapolis Racquet Club Thursday.
Senior Judge Thomas G. Fisher ruled that the Indiana Board of Tax Review did not err when it found the club failed to establish a prima facie case that assessments on three parcels of property collectively valued at about $1.7 million were excessive or that they were not uniform and equal.
The club argued the board ignored unrebutted evidence that each parcel’s assessed value exceeded its market value-in-use as well as the club’s claim of what the proper assessed value of each parcel should be. The club argued its land should be valued at about $1.2 million, based in part on assessments of other tennis clubs which were not in the same township.
But Fisher wrote in Indianapolis Racquet Club, Inc. v. Marion County Assessor, 49T10-1201-TA-1, that the club neither provided an analysis of factors that made that land at those properties comparable to is own or adjusted for distinguishing characteristics that would affect land values.
“The final determination shows that the Indiana Board did not ignore the Racquet Club’s evidence. Instead, it shows that the Indiana Board weighed that evidence and concluded that it was not probative in demonstrating that the Racquet Club’s land was over-valued or that its land assessments were not uniform and equal with other properties,” Fisher wrote.
The matter was remanded to the board so it can instruct the Marion County assessor to correct the record card so that one parcel’s square footage and acreage are consistent.