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City prevails at Board of Revision, reducing property value; Joshua's Place lease finalized
Summary
Law Director Chase Kirby reported the city won a Board of Revision decision lowering the taxable value of 706 Corwin Nixon Boulevard from $441,010 to $15,000, saving roughly $11,000 in taxes; he also said the city finalized the lease for Joshua's Place.
City Law Director Chase Kirby told the South Lebanon City Council on July 1 that the city prevailed in a Board of Revision hearing on June 23 regarding property at 706 Corwin Nixon Boulevard, where the assessed value was reduced from $441,010 to $15,000. Kirby said the lowered valuation will save the city about $11,000 in property tax liability; he noted the school district opposed the revision and may appeal within 30 days of the decision.
Kirby also reported that the terms of the lease agreement for Joshua's Place have been finalized and signatures would be obtained that night, completing the city's lease process for that facility.
Ending: Kirby said he will take appropriate action if the school district appeals the Board of Revision decision and that the executed Joshua's Place lease will be circulated after signatures.
