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Brandt Hershman

Indiana officials worried about tax cuts for big-box stores

Some local government officials around Indiana are worried that big-box retailers can still successfully push for large cuts in their property tax bills despite a state law passed this year that placed restrictions on the practice.

At issue is whether retailers should have their buildings assessed for property taxes based on their value as active stores or as vacant structures up for sale.

Local officials fear big tax revenue losses — and shifts in taxes to homeowners — after Meijer won an appeal cutting an Indianapolis store's 2012 assessed value of $19.7 million by nearly two-thirds. That was followed by an Indiana Board of Tax Review ruling in August that a...