ILNews

Evidence shows outrage over property tax assessment is a case of ‘buyer’s remorse’

Back to TopCommentsE-mailPrintBookmark and Share

A dispute over a property tax assessment of a mobile home park is a case of buyer’s remorse and not indicative of an error by the Indiana Board of Tax Review, the Indiana Tax Court has ruled.

In Shelbyville MHPI, LLC v. Anne Thurston, in her official capacity as Assessor, Shelby County, 49T10-1003-TA-14, the Indiana Tax Court affirmed the IBTR’s decision to uphold the Shelby County assessor’s assessment of the property.  

Shelbyville MHPI, LLC bought a 51.04 acre mobile home park in December 2004 for $4,266,400. This amount was close to an independent appraisal that valued a portion of the park at $4.2 million.

For the 2006 tax year, the Shelby County assessor assessed MHPI’s property at $4,983,300. When MHPI appealed, the Shelby County Property Tax Assessment Board of Appeals reduced the assessment to $4,263,800.

However in October 2008, MHPI appealed to the IBTR, claiming its assessment was still too high. During the hearing, MHPI presented an appraisal that estimated the market value-in-use of the park at $2.9 million as of Jan. 1, 2005. In response, the assessor presented an appraisal which valued the property at $4.2 million as of Nov. 4, 2004. The assessor pointed out that MHPI purchased the park for just over $4.2 million in December 2004 which supported the county’s assessment.

The IBTR found the assessor’s evidentiary presentation more persuasive and upheld MHPI’s assessment.

MHPI appealed to the Indiana Tax Court. It asserted, in part, that the IBTR should have completely rejected or significantly discounted the assessor’s December 2004 sales evidence because MHPI had demonstrated it never would have paid over $4.2 million for the property had it known that Indiana’s re-trending process would cause the property taxes to “sky rocket.”

In addressing that issue, the court found MHPI made an incorrect assumption when it thought its assessment and associated property tax liability would remain relatively constant. The December 2004 sales evidence reflected both the robustness and stability of the manufactured home market for the 2006 tax year but also shows what MHPI believed the property to be worth at the time of purchase.

In opinion, Senior Judge Thomas Fisher wrote, “Accordingly, while MHPI’s current complaints regarding its ‘sky rocketing’ property taxes are indicative of buyer’s remorse, they do not require the complete rejection or substantial discounting of the December 2004 sales evidence.”

 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
Subscribe to Indiana Lawyer
  1. George Grant ripped the mask off of Planned Parenthood in this fantastic read clear back in the 90's. http://www.amazon.com/Grand-Illusions-Legacy-Planned-Parenthood/dp/1581820577 Time has rendered this abortion industry goliath neither kinder nor gentler.

  2. Because one post with all of their names just would not do? https://www.youtube.com/watch?v=EvGJvzwKqg0

  3. Hello Jackie, Please go to 'LILLY BLACK" GRANDPARENTS RIGHTS ADVOCATES NATIONAL DELEGATION of the USA. I have a post there where i will be requesting a meeting with the Indiana Senators. We all know there is power in numbers. Please say you will go or you can private message me. WE MUST NEVER GIVE UP ON OUR GRANDCHILDREN. WE ARE GETTING CLOSER.We have to stop this EMOTIONAL & MENTAL ABUSE. PLEASE JOIN ME IN THIS IMPORTANT FIGHT! THANK YOU JACKIE

  4. Hello KRISTI PAYNE, Please go to 'LILLY BLACK" & send a friend request into the INDIANA-GRANDPARENTS RIGHTS ADVOCATES NATIONAL DELEGATION of the USA.I have a post there i will be requesting a meeting with the Indiana Senators in October. We all know there is power in numbers, PLEASE say you will go!THIS EMOTIONAL & MENTAL ABUSE OF OUR GRANDCHILDREN HAS TO STOP!!!! WE CAN'T GIVE UP NO MATTER HOW MUCH WE ARE BEATEN DOWN. WE ARE GETTING CLOSER!!!!! PLEASE HELP ME BE A VOICE!!! THANK YOU KRISTI PAYNE

  5. Hello Cheryl, Please go to 'LILLY BLACK" & send a friend request into the INDIANA-GRANDPARENTS RIGHTS ADVOCATES NATIONAL DELEGATION of the USA.I have a post there i will be requesting a meeting with the Indiana Senators in October. We all know there is power in numbers, PLEASE say you will go!THIS EMOTIONAL & MENTAL ABUSE OF OUR GRANDCHILDREN HAS TO STOP!!!! WE CAN'T GIVE UP NO MATTER HOW MUCH WE ARE BEATEN DOWN. WE ARE GETTING CLOSER!!!!! THANK YOU CHERYL

ADVERTISEMENT