Southlake Indiana LLC v. Lake County AssessorAnnotate this Case
The Supreme Court held that when a property's assessment increases by more than five percent over the previous year and the Indiana Board of Tax Review finds incorrect both parties' assessment, a statutory clause requires that the assessment reverts to the assessment for the prior tax year.
In 2014, the Ross Township assessor in Lake County increased the tax assessment for Southlake Mall, Owned by Southlake Indiana, LLC. The new assessed values were more than double the assessments for the three prior tax years. The tax court affirmed in all respects except for a pair of reimbursements not at issue on appeal. Southlake appealed, arguing that the tax court erred by not applying the reversionary clause in Ind. Code 6-1.1-15-17.2(b). The Supreme Court reversed, holding that because neither party met its burden of proof, section 17.2's reversionary clause controlled, requiring that the assessments revert to the assessment for each prior tax year.