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Marion County appeals board approves retroactive exemption for IHA’s 16 Park property covering 2023–25
Summary
Attorneys for the Indianapolis Housing Authority told the board the municipally owned 16 Park parcels are exempt under Indiana law; the board approved a three-year exemption that staff says will remove $626,633.42 in taxes for the three parcels, with one board member dissenting.
Attorneys for the Indianapolis Housing Authority asked the Marion County Property Tax Assessment Board of Appeals to grant exemptions for three parcels comprising the 16 Park affordable-housing project for tax years 2023–2025, arguing municipal ownership and Indiana statutory exemptions apply. "We continue to maintain that this property should be exempt under Indiana law," counsel said while asking the board to approve the appeal.
Assessor staff told the board the parcels had previously been assessed and that an exemption application had not been filed in time. Staff quantified the county tax impact: "the total amount of taxes that would be removed is $626,633.42 for all 3 parcels," staff said. Board members questioned why similar projects had been treated as tax-exempt while this project was not, and one member pressed whether investors in the Low-Income Housing Tax Credit structure benefited from the exemption.
After discussion the board moved and seconded a motion to allow the exemption for 2023, 2024 and 2025 and to treat the appeal as timely. The motion passed on a voice vote; one member (Kevin Robinson) recorded opposition to the motion. The board directed staff to process the exemption for the three parcels and to document the legal basis for municipally owned properties that claim exemption.
