Wal-Mart seeks $100,000 tax cut
Rockland — A law firm representing Wal-Mart has asked the city to reduce its tax assessment to give it a $105,240 reduction in its annual property tax bill.
Wal-Mart is seeking to lower the taxes it must pay on its former Rockland building, which was sold to Ocean State Job Lot, according to a memorandum to the city manager from City Assessor Dennis Reed.
The retail giant argues that since its building sold for $3,125,000, the city's assessment of its value is too high by about $5.4 million. The city assessed the value of the building at $8.5 million.
The law firm Saliba & Saliba of Boston requested the tax abatement for the building at 265 Camden St.
Reed said he will look at the information and compare it to other precedents set in tax abatement requests. He said he will make a decision in the next couple of weeks.
From there, the company may appeal that decision to the city Board of Assessment Review or the State Board of Review.
Courier-Gazette Editor Daniel Dunkle can be reached at email@example.com or 594-4401 ext.122.