Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board declines to lower assessments for four Patel‑owned hotels after reviewing county income model and petitioner appraisal
Summary
The Elkhart County board denied appeals from Norman Patel challenging 2025 hotel assessments for AJ Hospitality, Jai Shree Krishna, KJ Hospitality and NJ Hospitality, saying county income-based valuations (RevPAR model) and the petitioner's own market valuation report provided no basis to reduce assessments.
The Elkhart County Property Tax Assessment Board of Appeals heard consolidated appeals from Norman Patel on Sept. 23, 2025 for four hotel properties and denied requests to lower the 2025 assessments after reviewing both the petitioner's market valuations and the county's income-based valuation model.
Patel told the board he commissioned market‑valuation reports and appraisals and emphasized that rising assessed values and higher interest rates made it difficult to maintain the properties. "The interest rate is the biggest problem we have," Patel said, adding that depreciation and rising tax burdens were straining hotel operations. He provided a short market report packet during the hearing…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
