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.