MADISON, Wis. (AP) — The state Supreme Court says tax assessors for the city of Delavan properly excluded comparable dark-store valuations when determining a new property tax rate for a Lowe’s Home Center. Attorneys for Lowe’s had argued that assessors should have considered what six comparable vacant stores were worth when they revalued the home center at $8.9 million in 2013. They argued that had the assessors factored in the vacant stores’ valuation the home center would be worth about $4.6 million. The Supreme Court ruled unanimously on Thursday that the Wisconsin Property Assessment Manual recommends that assessors shouldn’t use dark stores as comparable valuations.
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