Quote:
Originally Posted by Barry-xlovecam
A leasehold is a personal property asset.
Appeals are made to property tax boards then sometimes a lawsuit in the courts -- we live in a litigious society.
Large industrial plant owners are notorious for this -- they bully paying less taxes for reason that they are providing good paying jobs in the community and supporting others real estate property values.
Plant and equipment (personal property accelerated depreciation or useful live valuation) are always at issue -- this goes to the argument of continued plant viability and lowered taxes so that new equipment can be easier bought -- it's a hidden taxpayer subsidy paid.
The smaller property owners that can't afford an army of 'suits' shoulder the burden.
The taxes on your home are higher because the larger industrial property owners get these tax breaks and abatements -- who did you think pays?
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Great point.
If the property was complete and he brought jobs and business to the community I could understand the justification of requesting to pay less.
Currently he's being investigated for not paying workers the correct wage and the reconstruction is a burden on the community, taxpayers and nearby businesses, and he wants to pay half. Doesn't make sense, especially since he paid in full last year under the same circumstances.