Purdue Research Foundation seeks 100% exemption on two parcels; board hears lease and charitable‑purpose arguments
Purdue Research Foundation representatives told the appeals board they filed complete exemption applications for two parcels, arguing the land is held for Purdue and leased back to the university under a lease requiring Purdue to pay property taxes — and cited Indiana Code 6‑1.1‑10‑2B and 6‑1.1‑10‑16 as bases for exemption.
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Representatives from the Purdue Research Foundation and Purdue University appeared before the Elkhart County appeals board to seek 100% exemption for two parcels (land and personal property). The petitioner submitted Form 136 applications, a lease agreement, articles of incorporation, and bylaws. The presenters said the lease requires Purdue University to pay property taxes and that the foundation holds the land to further Purdue’s educational and research mission.
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