Vacant plant gets tax break from supervisors
LAFAYETTE COUNTY — The Lafayette County Board of Supervisors has reduced the property tax assessment on the Whirlpool Corporation’s empty building and idle land from $13 million to $7.75 million.
While Whirlpool was open, it was exempt from paying ad valorem taxes — except for school taxes — as an industry incentive. Once it closed its doors in 2009, the company lost the exemption and was charged taxes on an assessed value of $13 million.
The Oxford Eagle reports supervisors acted this week on recommendations from an accountant hired by Whirlpool and county tax assessor/collector Martha Thornton.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Panther Creek megasite — Putting a value proposition out there
- BBB issues warning involving asphalt paving scam
- Prescription for success — Transcript Pharmacy continues fast growth
- Study: Mississippi has highest sales tax rate in U.S.
- Panther Creek's location in medical industry zone boosts bio-med prospects
- Mississippi State makes NSF ranking of research universities
- TVA president/CEO Johnson tours Techumseh, Yokohama plants
- Sawtimber, pulpwood markets improving, but challenges remain
- News The Way You Want It!
- Chris McDaniel responds to radio show audio clip