Indian Industries, Inc. v. Department of Local Government Finance

Indian Industries, Inc. (Indian) appeals the final determination of the State Board of Tax Commissioners (State Board) valuing its real property for the March 1, 1992 assessment date.

ISSUES

I. Whether the State Board erred in applying a 35% obsolescence depreciation adjustment to Indian’s improvement;

II. Whether the State Board erred in grading Indian’s improvement; and

III. Whether the State Board erred in valuing Indian’s land? 2

FACTS AND PROCEDURAL HISTORY

Indian owns land and an improvement in Evansville, Indiana. For the 1992 assessment date, the Vanderburgh County Board of Review (BOR)…