Cass County denies Amazon’s request for $22M cut from property value at new Fargo warehouse – InForum
FARGO — A request by Amazon to have the residence value minimized for its pretty much yr-old warehouse in Fargo has been turned down.
The business, which
opened the warehouse in north Fargo very last September,
was trying to find
a reduction of $22.6 million from its $119.4 million tax valuation,
suggesting the residence be valued at $98.6 million.
The Cass County Fee, performing in its role as the board of equalization, turned down the ask for on a unanimous 5- vote.
Amazon can nonetheless acquire its case to the point out tax commissioner’s workplace for a closing resolve. County Director of Equalization Paul Fracassi reported he experienced been operating with Amazon, and they were however conducting analysis on a single of the two issues lifted by the organization.
That query was if a second-level mezzanine employed for storage, which the business calls a “racking method,” is private residence and as a result not matter to the property’s valuation.
Whilst authentic vs. own house can be a grey area, Fracassi claimed, the city of Fargo is presently treating all mezzanines equitably as component of the serious assets.
To be individual residence, the mezzanine would have to be detachable, identical to some equipment used in other industrial buildings.
The other question was if the Amazon Success Middle matches the “higher than average” developing score presented by the county.
The firm’s genuine estate tax manager James Poliyanskiy advised commissioners two months back that the building was “typical” making use of the firm’s tips.
Fracassi said they seemed at a similar house, a distribution center that Amazon also opened last 12 months in Beloit, Wisconsin, and that facility was shown as “earlier mentioned average” there.
The 1.1-miillion-sq.-foot Fargo procedure sits on about 107 acres.
The county commissioners did not have any dialogue on the property before voting to deny the request.
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