Thursday, July 31, 2014

Republic Reports Opponents Argue Points in Battle Over Exemption

From the Columbus Republic:

A decision is expected in the next 30 days from the Indiana Tax Court to settle a seven-year dispute that could have repercussions for a local nonprofit and the types of affordable housing clients it serves.

Housing Partnerships Inc. has been attempting to regain its charitable purposes property-tax exemption since 2007, when the Bartholomew County Property Tax Board of Appeals ruled it was no longer eligible for the tax relief.

HPI owes $617,751.44 in back property taxes on properties in its portfolio at the time of a 2006 property exemption request, Bartholomew County Assessor Lew Wilson said.