Commissioners approve settlement in Worley Industries tax appeal preserving assessed value
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Summary
Warren County approved a tax-appeal agreement in litigation with Worley Industries that, according to the county solicitor, preserves the county’s valuation for the property at issue.
The Board of Commissioners voted to approve a settlement agreement resolving a tax assessment appeal filed by Worley Industries that challenged the 2024 valuation of a warehouse on the city’s south side.
Nathaniel Schmidt, the county solicitor, summarized the case and told the commissioners that a two-day trial earlier this year included expert witness testimony and cross-examination. After the hearing, Schmidt said, the judge ordered the transcript and proposed findings of fact; the result leaves the property value as it had been set for 2023.
Schmidt described the settlement as “a really positive result for the county because it preserves the value for the property that was in place in 2023,” and said litigating exposed weaknesses in the company’s expert report.
A motion to approve the tax-appeal agreement was made and seconded; the commissioners approved the motion by voice vote. No amended tax rate, ordinance, or additional payment schedule was adopted during the meeting.
The board did not provide detailed numeric adjustments to the property’s assessed value during the public discussion; the solicitor and staff said the agreement preserves the existing assessment referenced in the appeal record.
