Thursday, November 14, 2013

Times Argues "Stop Squabbling about Hospital Abatement" in Porter County

From the Northwest Indiana Times:

Porter County Auditor Bob Wichlinski is right to act on the property tax abatement for Porter Regional Hospital, applying the tax break to the first full assessment of the new hospital's cost.
The timing of this tax break has been controversial. There's a lot of money at stake — both for the hospital and for the county.
Wichlinski said applying the tax abatement on next year's bill makes the most sense because that's when the full $244.5 million assessment of the new hospital takes effect.
The prior assessment of $34.2 million represents the property when the hospital was 90 percent complete and not yet opened.
Start the assessment before next year's bill, and the hospital will pay more because the savings would start based on a small value and a smaller property tax bill.
This assessment, including the tax abatement, has been a controversial issue in Porter County.
Hospital officials were bound by contract to build a new hospital, some argue, so why was a property tax abatement needed? The counter argument is that the hospital was bigger than the contract required, so the abatement was appropriate.
Then the county and the hospital argued over the assessment for the new hospital, ultimately taking the issue to court, with hospital officials finally agreeing to disclose proprietary information to an outside appraiser before the judge could issue a ruling.
And now the timing of the abatement is controversial as well.
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See the full article here: