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May 22, 2013

H-P campus tax decision costs Oregon county $9M

  • The state valued the 180-acre site at $337 million for the 2010-11 tax year. The company said it was worth $204 million.

    • CORVALLIS, Ore. (AP) — An Oregon Tax Court judge ruled that Hewlett-Packard's campus in Corvallis was overvalued on property tax bills from 2008 until 2011, a decision that could cost Benton County $9.5 million in tax revenue.

    The Oregon Department of Revenue prepared the tax assessments. Department spokesman Derrick Gasperini said the agency is still reviewing the opinion and has yet to decide whether to appeal by a mid-June deadline.


     
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