Should big-box retailers' property tax values come from the value of the store, or the value of the lot if it were vacant?

Answering that question has become an ongoing battle in Indiana, with stores like CVS and Meijer appealing their assessed value and getting massive tax cuts as a result - a loss in tax revenue that could end up costing regular taxpayers and homeowners.

The Associated Press reported on the story last week:

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 Bloomington CVS store had been over-assessed for five years starting in 2009, which could lead to a $150,000 refund to the company.

Marion County is appealing the Meijer decision in the Indiana Tax Court. And Indiana legislators changed a law this year hoping to restrict the appeals that lead to these tax cuts, but some say it isn't enough.

This week on Noon Edition we spoke with leaders and experts about the controversial issue.

Our guests:

• Judy Sharp, Monroe County Assessor
• Benjamin A. Blair, associate for Faegre Baker Daniels
  

• David Bottorff, Executive Director of the Association of Indiana Counties

You can ask questions each week by joining our live chat, following us on Twitter @NoonEdition or calling in to the program at (812) 855-0811.

Noon Edition airs every Friday at 12 p.m.

[cf]embed1[/cf]