More than one in four Marion County commercial and industrial property owners has appealed its property tax assessments this year, and the challenges often are paying off in a big way.
With only 11 percent of the 6,503 appeals complete, local officials already have agreed to more than $567 million in reductions. That represents a 43-percent drop from the amounts they were challenging.
An IBJ analysis of the 708 business appeals that have been settled found 123 cases where appeals resulted in decreases of $1 million or more. A handful produced assessment cuts in the tens of millions.
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Courtly Observations is a recurring series by Erwin Chemerinsky that
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