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.
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