Friday, March 30, 2012

Lafayette Development by Faith Church Raises Question of Property Tax Exemption

From the Lafayette Journal Courier:

"Some West Lafayette City Council members showed reservations Thursday about Faith Church's planned development on Northwestern Avenue north of Lindberg Road.

Eddie VanBogaert pressed Faith Church Pastor Steve Viars on what portion of the planned development will be exempt from property taxes and what portion would pay property taxes.

"At this point, we can't answer the question because the assessor can't answer it for us," Viars responded. "We will fulfill an application with the assessor. But even if we fulfilled the application today, they would not be able to answer the question for us."

Viars said the Faith West development is following the planned development process and will comply with requirements regarding taxable versus tax-exempt space.

West Lafayette City Attorney Eric Burns said the use of the space in the Faith West development will determine what portion is taxable.

But Viars said what portion is taxable will be determined after the project is completed.

Other council members expressed support for the Faith West project. The Area Plan Commission recommended approving the planned development. The final decision lies with the city council."

http://www.jconline.com/apps/pbcs.dll/article?AID=2012203300327