Menards seeks tax reduction
By Steve Lord email@example.com October 17, 2013 5:48PM
Updated: November 19, 2013 6:37AM
YORKVILLE — Menards is seeking to reduce the 2012 property tax assessment on its distribution center in Plano, possibly by as much as 60 percent.
The company has an appeal of its assessment before the Illinois Property Tax Appeal Board, known as PTAB. They are asking the board to shave almost $10 million off the $49 million assessed value of the facility on Eldamain Road.
But the company has presented two appraisals to PTAB, one of about $20 million and the other of about $21.9 million.
“So, you could be looking at about a 60 percent reduction or so,” said Andy Nicoletti, Kendall County supervisor of assessments.
The company is appealing that figure, given to it by the Kendall County Board of Review.
Nicoletti told the County Board this week that if the appeal is granted, and the assessment reduced by the $9.89 million Menards is asking for, the county would have to refund $73,679 in property taxes to Menards.
The company also would get refunds from all taxing bodies in the county. Most of those bodies have banded together to fight the appeal, Nicoletti said.
“I was asked to get the county’s position,” he said.
To fight those appraisals, Kendall County will have to present evidence that the property was assessed properly by Kendall County. The Board of Review turned down Menards appeal, which is why it is now at the state level.
The Kendall County State’s Attorney’s office will defend the Board of Review’s case before PTAB. State’s Attorney Eric Weis said the whole case rests on “what evidence are you going to present?”
“We’re going to be looking at whatever was submitted at the Board of Review,” Weis said. He added that because Menards has submitted its appraisal, the county will have to get appraisals done, too.
Nicoletti said if Kendall County wants to intervene directly in the case, it has to do so by Oct. 26. It could let the other taxing bodies intervene, and support them financially later, he said.
Already, the city of Plano and its school district have indicated they will fight the reduction request.
The county would intervene “basically to try and prevent tax dollar loss,” Nicoletti said.
It remains to be seen whether or not the county will get involved directly, because board members made no decision on that either way this week.
Nicoletti said with the backlog of cases before PTAB, it will likely be two years before the appeal is heard.