By: Brittany Flaherty Theis
On February 25, 2014, the Circuit Court of LaSalle County approved the LaSalle Power Station Real Property Tax Assessment Settlement Agreement between Exelon Generation Company, LLC, the LaSalle County assessing officials, and all of the eleven taxing bodies that receive property tax revenue from LaSalle Station. The taxing bodies retained Whitt Law in 2008 due to the firm’s widespread experience in assessment and property tax matters.
In tax year 2008, LaSalle Station’s assessed valuation was $235 million with an annual tax bill of $12.2 million. In tax year 2009, Whitt Law successfully advocated for an assessment increase to $525 million, resulting in a tax bill of $24.6 million. In tax years 2010 through 2012, LaSalle Station’s assessed valuation averaged $505.5 million, with resulting tax bills of approximately $24 million each year. Exelon appealed all four years to the Property Tax Appeal Board, arguing that LaSalle Station’s assessed value should be reduced to $225 to $253 million.
This blog/website is made available for educational purposes only. It is not intended to provide specific legal advice to your individual circumstances or legal questions. You acknowledge that your reading of this blog site does not establish an attorney-client relationship between you and the blog/website host or the law firm, or any of the attorneys with whom the host is affiliated. This blog/website should not be used as a substitute for seeking competent legal advice from a licensed professional attorney in your state. Readers of this information should not act upon any information contained on this website without seeking professional counsel.