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County assessor asks Burns Harbor to commit up to $23,000 to fight Cleveland-Cliffs assessment appeal
Summary
The county assessor told the Burns Harbor Town Council that Cleveland-Cliffs appealed its state-certified assessment; the assessor requested the town review a memorandum of understanding to contribute up to $23,000 toward an estimated $100,000 defense cost that would be shared by county, school corporation and library.
County Assessor asked the Burns Harbor Town Council to prepare to contribute up to $23,000 toward defending a state-certified assessment that Cleveland-Cliffs has appealed, saying the town faces an estimated ongoing loss of about $77,000 in annual property tax revenue if the appeal succeeds.
The assessor told the council the Department of Local Government Finance revised cost factors this year and the change increased Cleveland-Cliffs' assessment statewide; that increase translates into about $350,000 in reduced revenue across local taxing units, and roughly $77,000 of that would fall on Burns Harbor. The assessor said defending an appeal before the Indiana Board of Tax Review (IBTR) typically requires an appraisal and expert testimony and estimated the total defense cost at about $100,000.
Why it matters: If the assessment is reduced on appeal, the reduction would permanently reduce annual property-tax revenue for the…
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