School Board Wallops Navistar In Assembly Plant Tax Appeal
Law360, New York (September 18, 2015, 12:00 PM EDT) -- The Ohio Board of Tax Appeals sided with a local school board Thursday, concluding Navistar Inc.’s 2.1 million-square-foot, 1,500-employee Springfield truck assembly plant is worth $19 million, rejecting an $11.7 million figure offered up by the manufacturer.
Navistar appealed a Clark County Board of Revision decision that determined a county assessor accurately valued the massive assembly facility at $26.4 million for the purpose of imposing property taxes on the company in 2013.
On appeal, the Northeastern Local School District Board of Education — which derives funding from property taxes — intervened and offered up its own expert, Charles G. Snyder, whom...
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