Indiana Tax Review Board Reduces Taxpayers’ Property Assessments in Tippecanoe County Dispute

The Indiana Board of Tax Review (BTR) has issued a final determination ordering a reduction of the taxpayer’s property assessments for the relevant years. The dispute involved a 2,146 sq. ft. one-story ranch home with attached and detached garages, where the assessments had increased significantly from the prior year. While the Assessor presented a linear regression analysis and comparable sales analysis to support higher values, the Board found these analyses were not reliable estimates due to various deficiencies, including failure to properly account for the detached garage and relate the evidence to the relevant valuation dates. The taxpayer’s evidence of ...