Kokomo Urban Development, LLC v. Mindy Heady, in her official capacity as Howard County Assessor

Kokomo Urban Development, LLC has challenged the final determination of the Indiana Board of Tax Review that held when calculating property tax liability, the property tax cap designated in Indiana Code § 6-1.1-20.6-7.5 is applied before, not after, the application of an economic revitalization area deduction. Upon review, the Court affirms the Indiana Board's final determination.

FACTS AND PROCEDURAL HISTORY

Kokomo Urban owns a moderate-income apartment complex in Kokomo, Indiana. 1 ( See, e.g. , Cert. Admin. R. at 146-52.) Given the property's location in an economic revitalization area…