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CVS And Monroe County Share Wins And Losses In Tax Disputes

CVS began appealing its property tax assessment years ago, believing the county was improperly valuing stores.

Photo: Joe Hren

CVS began appealing its property tax assessment years ago, believing the county was improperly valuing stores.

A long battle of tax disputes between the CVS Health Corporation and the Monroe County assessor now has an even split of wins and losses.

CVS began appealing its property tax assessment years ago, believing the county was improperly valuing stores. Monroe County wants the tax assessment to be based on how much the property is worth to the current user, but CVS wants it based on the value of an empty store.

A tax court has issued four decisions regarding four different CVS stores in the county. Both CVS and the county have won two of the cases. The most recent ruling late last month was in the county’s favor.

The rulings have left many people confused, including Monroe County Assessor, Judy Sharp.

“It just doesn’t make sense. It doesn’t make sense to anyone, and it’s very frustrating for all of us in the assessing world, and probably on the other side too,” Sharp says. “I don’t know how to feel. Frustrated, maybe is the word. And still maybe just a little bit optimistic.”

The confusion stems from the fact that the rulings turned out different, even though it was the same situation and evidence for all CVS stores. The tax court still has to rule in the cases involving the remaining two Monroe County CVS locations.

Sharp wants the State Supreme Court to get involved, but on Friday the court declined to hear the case.

“I still think we have to figure out a way of making this fair and equitable. That’s my job for everybody,” Sharp says. “It’s tough for Monroe County and the whole assessing community because we’re all going through this. And the other side of my brain says it’s also tough for CVS.”

Sharp says her attorneys say the Supreme Court is sending a clear message that the case should be dealt with either by the legislature or in the Indiana Board of Tax Review.

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