Kewaunee County Board Asks State To Review Equalized Value After Power Plant Value Drop
8/28/2014 5:00:00 AM
By Rick Jensen
Meeting in a brief special session last night, the Kewaunee County Board of Supervisors voted 16-1 to ask the state Department of Revenue to review the equalized property value for the entire county based on a change in the assessed value of the Kewaunee Power Station.
Board chair Ron Heuer says when the assessment of the now-closed nuclear plant came in at $502-million – which was more than a quarter of the assessed value of property in the entire county – the county was stuck between a rock and a hard place.
Heuer says Dominion Resources, the owner of the power plant, would have gone to court to fight that $502-million assessment and if they had won, would have forced the Town of Carlton’s property taxes through the roof.
Linda Sinkula is the Carlton town clerk and also vice-chair of the county board. She was the lone “no” vote last night and maintains the $10-million assessment on the nuclear plant is unfairly low.
Both Heuer and Sinkula say there is some discussion that Dominion would pay the town and county additional funds to offset the lost tax revenue, but that deal has not been finalized.