Posts Tagged ‘property tax appeal’
Board denies Chevron’s tax assessment value appeal
On Monday morning, the County Assessor’s Appeals Board denied Chevron’s appeal of its tax assessment value for the years 2007 – 2009. Representatives from the oil giant had argued that the county had overvalued the property taxes due from the company’s Richmond oil refinery, and that it was owed a refund of up to $73 million. The appeal was the largest in the county’s history, according to County Assessor Gus Kramer.
Read MoreHearing opens Monday on Chevron’s $58 million property tax appeal
Chevron will present its case for a $58 million tax refund before an appeals board on Monday, as the company seeks to prove that it overpaid property taxes on its Richmond refinery between 2007 and 2009. Chevron believes the county has overvalued its Richmond refinery by nearly $2 billion per year.
If the company succeeds in its appeal, it would create a “brutal situation” for the county and cities, Richmond Mayor Gayle McLaughlin said.
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