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Assessor warns PTAB appeal of Holiday Inn property could force refunds to taxing districts
Summary
The county assessor told the committee a PTAB appeal concerning Holiday Inn Club Vacations may result in significant assessment reductions; he said Serenity Unit 2, the county and IVCC would be the largest taxing districts affected and that the county has filed its response.
The county assessor briefed the Taxes, Election & GIS Committee on a pending Property Tax Appeal Board (PTAB) matter involving Holiday Inn Club Vacations. The assessor said the county submitted its response on Wednesday, Jan. 14, and warned that, regardless of the outcome, the likely result could be a significant reduction in assessed value…
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