Hamilton County Property Tax Assessment Board of Appeals v. Oaken Bucket Partners, LLC

On Petition For Review

RUCKER, Justice.

In this opinion we determine that charging below market rent for part of a building rented to a church is insufficient, standing alone, to justify a religious and charitable purpose property tax exemption. Instead, an owner of leased property must provide evidence that it possesses an exempt purpose separate and distinct from the exempt purpose of its lessee.

Facts and Procedural History

Oaken Bucket is a domestic for-profit limited liability company that owns a mul-ti-unit office building on the northeast corner of Interstate 69 and Hague Road in Fishers.…