Worley Industries settles reassessment at about $7.15 million after county review

Warren County commissioners approved a stipulation to settle a tax reassessment dispute with Worley Industries on a multi-parcel industrial storage building located on the south side of the city of Warren.

County staff recounted the case history: Worley appealed a 2024 assessment that had been set at $5.6 million after Board of Assessment Appeals action; by the 2026 reassessment the county had recorded an $8 million valuation. Worley submitted an appraisal valuing the property at roughly $6 million. County valuation staff and counsel negotiated a tentative settlement recommendation of approximately $7.15 million, which Worley accepted and the board approved by voice vote.

Brian Bull, identified in the meeting as the county’s chief assessor, was cited in the presentation as supporting a settlement in the range proposed after reviewing market trends and valuations. The board moved to approve the joint stipulation; the motion carried by unanimous voice vote.

The stipulation was presented as contingent on the votes of other taxing bodies where required. Commissioners described the agreement as a way to resolve protracted litigation and to finalize an assessment for tax purposes; the presentation included a short history of prior appeals, trials and Board of Assessment Appeals adjustments.

The meeting record does not include a new tax bill or payment schedule; the stipulation sets the assessment for tax-year calculations and will be processed through the usual tax-collection channels and by other taxing districts as needed.