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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Alcorn president launches new customer service task force
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- Court rules against Greenwood councilwoman; must give up office
- David Duval, former British Open winner, joins Sanderson Farms field
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Peoples Bank reports quarterly loss due to bad loans
- Cochran continues to reach out to African American voters
- Senators write letter over Waters of the United States proposal