A decision is expected in the next 30 days from the Indiana Tax Court to settle a seven-year-old dispute that could have repercussions for a local nonprofit and the types of affordable housing clients it serves.
Housing Partnerships Inc. has been attempting to regain its charitable purposes exemption since 2007, when the Bartholomew County Property Tax Board of Appeals ruled it was no longer eligible for the tax relief.
HPI owes $617,751.44 in back property taxes on properties in its portfolio at the time of a 2006 property exemption request, Bartholomew County Assessor Lew Wilson said.
As with all property taxes, the money was due in the year it was billed, but HPI has exercised its right to delay payment until the appeal process is completed. If the appeal is unsuccessful, the non-profit would be responsible for the back taxes, as well as any penalties incurred for non-payment.
An additional $28,946.95 in property taxes comes due in November.
For more on this story, see Thursday's Republic.