Caterpillar Wants To Lower Property Taxes
PEORIA, Ill. (AP) -Caterpillar Inc. is asking Illinois' property tax appeals board to reverse decisions by Peoria and Tazewell counties and lower the value of the Fortune 500 company's local properties by $28 million.
The Journal-Star newspaper in Peoria reports that the counties last year declined the request by Peoria-based Caterpillar.
The company believes the assessed values of 18 properties in the two counties as well as sites in Decatur and Oswego should be lower. Caterpillar spokesman Jim Dugan says the requests were based on regular reviews conducted by the company.
Lower assessed values would mean less revenue for local entities such as school districts.
Latest Stories
- Jay Davis Presents: Creative Hustle Season 2 Red Carpet Screening Set for Hollywood Blvd Cinema
- FAITH LEADERS TO RECEIVE THE REV. JESSE L. JACKSON SR. FREEDOM & JUSTICE AWARD AT ANNUAL RAINBOW PUSH CONFERENCE IN CHICAGO
- Giannoulias’ Auto Insurance Reform Bill Passes Illinois Senate
- Bally’s Corporation Earns MBE Certification from NMSDC, Becoming One of the First Publicly Traded Organizations to Achieve Important Designation
- Harper Calls for Greater Equity, Reform at Statewide Town Hall
Latest Podcast
Career Oppotunities-James McCoy
