Barclay Damon
Barclay Damon

Power Plant’s Tax Assessment Reduced by More Than 90 Percent

A power plant that produced both electricity and steam had lost a great deal of its market value following market de-regulation of wholesale electricity generation. The plant had a real estate tax valuation of $85.5 million yet had sold to new owners for less than $1,500,000.

Our attorneys negotiated with the community to drop the assessment to an agreed-upon $5 million, which would reduce taxes from $400,000 to $200,000, saving our client $1 million over the next five years.

 

For More Information on Barclay Damon's Real Property Tax & Condemnation Practice Area:

Mark McNamara

p: 716-566-1536

f: 716-846-1210

icon_emailmmcnamara@barclaydamon.com

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