April 14, 2015
Jay officials deny Verso tax abatement request
Jay town officials have denied a request from Verso Corp. to reduce the valuation of its local paper mill by $193 million.
The Sun Journal reported that the Jay selectpeople, who are also assessors, voted to deny Verso’s tax abatement request for the 2013 tax year on Monday. The town officials had already granted Verso an abatement of $829,258 in January, reducing the mill’s value from $815.4 million to $591.9 million for the same tax year.
Verso has argued that Jay’s tax assessment of its mill property is overvalued and “manifestly wrong.” The company has 60 days to appeal the town’s decision.
Source: Sun Journal
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Verso’s Jay mill’s value to be reduced by $223M
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