Riley County will have to refund just over $151,000 after the Kansas Board of Tax Appeals ruled in favor of the local Home Depot on a 2018 appraisal of the store. The decision could have effects beyond the loss of revenue to the local government. The county government received the board’s summary judgement earlier this week. The state tax board has the authority to review appeals on property tax disputes. Home Depot’s case is based on the “dark story theory,” which argues that big box stores should be valued as vacant — meaning they’re valued based on their hypothetical future lease value.
Source: themercury.com – RSS Results in news of type article
