Falls, Kohl's Reach Settlement in Assessment Error

The village will award Kohl's Corp. $46,000 after reducing the 2009 total assessed value of a company-owned building on Woodale Drive.

The Village Board on Monday announced it had reached a settlement with Kohl’s Corp. after a two-year disagreement over the 2009 assessment of the company's distribution center on Woodale Drive in Menomonee Falls.

In 2009, the land along with Kohl’s 530,000-square-foot distribution center was assessed at a combined $12.4 million. Kohl’s paid roughly $230,000 in taxes that year, but they claimed that was too much.

Kohl’s challenged the village’s assessment in 2010 and filed a civil complaint with the Waukesha County Circuit Court. On Monday, Village Attorney Michael Morse said the village and Kohl’s had reached a settlement, which would reduce the total assessed value of that property in 2009 to $10 million rather than $12.4 million.

As a result, the village will refund Kohl’s Corp. $46,051. The village will pay the refund within 30 days after the dismissal is entered with the court.

The subject property on Woodale Drive is the same building that the village acquired as part . Falls will use a portion of the building to house its Public Works Department.

Nuitari (Grand Master Editor) August 21, 2012 at 08:45 PM
Assessments are no error. They're deliberately overstated to bring in more revenue. I have a feeling this has been very prevalent in the village for both business and residents.
Craig August 21, 2012 at 08:54 PM
Where is my 20% reduction? Based on the sale prices of houses in the area I am over assessed by 30%.
Nuitari (Grand Master Editor) August 21, 2012 at 09:45 PM
My property is worth $40k more than my neighbor, even though their house and lot size are similar, just because I'm part of a newer subdivision.
W . Benz August 22, 2012 at 02:21 PM
Civil complaint ? Try LAWSUIT against the Village who is giving Kohls 1 Million a year for 6 years and a Millions for a new TIF . $ 46.051 rebate plus Atty fees for the village. More Corp Welfare and short changing the Taxpayers and Schools once again .


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