Indiana Property Owner Gets Tax Reduced on Residential Parcels

The owner of five parcels of land convinced the Indiana Tax Court that its property was subject to a lower property tax cap because the properties are residential.

Gary II LLC provided arial photos showing that its properties were surrounded by residential buildings, and shared records proving that the parcels were zoned residential. They were therefore subject to the residential property tax cap of 2% based on the gross assessed value of the parcels instead of the 3% nonresidential cap, Senior Judge Martha Blood Wentworth said.

• The Lake County assessor didn’t have any evidence that the properties weren’t residential, the ...