Many industrial operators, forced to reduce production or shut down plants in the midst of a severe economic downturn, may not be taking advantage of an opportunity that the downturn presents to argue for a break in property taxes. In this interview, BNA talks with Bob Henderson, national director of property tax with Ernst & Young LLP, about the impact of economic obsolescence on the assessed value of machinery and equipment.
This article is available to subscribers of the Weekly State Tax Report. For more information or to take a trial to the report, click here.