Legal Opinion
Madison County Assessor v. Sedd Realty Company
Indiana Tax Court
Decided May 22, 2019No. 18T-TA-12PublishedCited by 7 opinions
1Opinion of the CourtWentworth, J.
The Madison County Assessor has challenged the Indiana Board of Tax Review's final determination that reduced the assessed value of Sedd Realty Company's River Ridge shopping center for each of the 2009 through 2012 assessment years. Specifically, the Assessor claims that the Indiana Board erred by applying a capitalization rate in its income approach that was different than the capitalization rates offered by either of the parties. Upon review, the Court reverses the Indiana Board's final determination.
RELEVANT FACTS AND PROCEDURAL HISTORY 1
The subject property, referred to as River Ridge,…
2Cases cited3 opinions
- Osolo Township v. Elkhart Maple Lane Associates L.P.Indiana Tax Court · 2003
- Western Select Properties, L.P. v. State Board of Tax CommissionersIndiana Tax Court · 1994
- CVS Corporation (6698-02) v. Monroe County AssessorIndiana Tax Court · 2017
3Cited by7 opinions
- Bartholomew County Assessor v. Housing Partnerships, Inc.Indiana Tax Court · 2020
- CVS Corporation 0434-01, taxpayer v. Jerome Prince, in his official capacity as Lake County AssessorIndiana Tax Court · 2020
- CVS Corporation 2519-01, taxpayer v. Jerome Prince, in his official capacity as Lake County AssessorIndiana Tax Court · 2020
- CVS Corporation v. Cathy Searcy, in her official capacity as Elkhart County AssessorIndiana Tax Court · 2019
- Elkhart County Assessor v. E R Carpenter Company, Inc.Indiana Tax Court · 2021
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