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Commissioners approve large exoneration after Office of Tax Appeals order for high-technology property
Summary
Monongalia County commissioners unanimously approved an exoneration tied to a state Office of Tax Appeals order affecting Blockchain Power, after the assessor said the company was granted a special high-technology valuation in a related appeal; the adjustment produced a large tax change recorded in the meeting.
At its March 11 meeting, the Monongalia County Commission unanimously approved eight exonerations that included a large adjustment tied to Blockchain Power, a local high-technology property operator. The board moved the exonerations off the consent agenda for separate discussion and vote.
Patrick Tenny, chief deputy assessor for the Monongalia County Assessor’s Office, told commissioners the assessor’s valuation of the property had been upheld but the Office of Tax Appeals and prior rulings produced a special high-technology valuation in a similar case that…
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