Classic Hits 103.9 WLPO

News from the Illinois Valley

Oglesby Property Tax Dispute Continues

Posted by wlpo on January 30, 2013

Buzzi Unicem has officially asked La Salle County for a 75 percent cut in its property tax assessment.

According to the NewsTribune, an accountant representing Buzzi told the La Salle County Board of Review yesterday that much of their property is depleted quarries and idled processing units.  They’d like their assessment dropped from just under 4 million dollars to just under 1 million dollars.

The city of Oglesby along with L-P, Oglesby, Deer Park, Tonica and Illinois Valley Community College school districts will all be affected if Buzzi gets to pay less in property taxes.  Buzzi’s representative says to help these tax districts, the cement company would be willing to slowly phase in their tax reduction over a three-year period. Oglesby City Attorney Jim Andreoni thinks Buzzi will get some relief but hopes not the 75 percent cut their asking for.

The Board of Review plans to give its reassessment decision March 7th.

Sorry, the comment form is closed at this time.

%d bloggers like this: