{"id":1316737,"date":"2019-11-14T17:16:22","date_gmt":"2019-11-15T00:16:22","guid":{"rendered":"https:\/\/www.postindependent.com\/?p=990882"},"modified":"2019-11-14T17:16:22","modified_gmt":"2019-11-15T00:16:22","slug":"garfield-county-included-in-walmarts-statewide-lawsuit-against-32-counties","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kske\/local-news\/garfield-county-included-in-walmarts-statewide-lawsuit-against-32-counties\/","title":{"rendered":"Garfield County included in Walmart\u2019s statewide lawsuit against 32 counties"},"content":{"rendered":"
\n
Rifle’s Super Wal-Mart opened in 2003.<\/strong>
Post Independent<\/em><\/figcaption><\/div>\n<\/figure>\n

Walmart is suing Garfield County, along with 31 other Colorado counties, <\/a>for allegedly overestimating property values.<\/p>\n

Walmart Inc., claims that various counties failed to consider market forces, like competition from Amazon and other online retailers, when evaluating the property value of 95 Colorado Walmart stores.<\/p>\n

The principal complaint is that the Garfield County Board of Equalization, which determines property values for tax purposes, overestimates the value of Walmart\u2019s \u201cpersonal property,\u201d which includes refrigerators, checkout machines, and food service appliances, among other things.<\/p>\n

When a Walmart store decides to replace the equipment, the sale of the used property floods the open market, according to Walmart\u2019s complaint.<\/p>\n

When combined with \u201cthe overwhelming number\u201d of competing stores closing, the demand for used retail equipment drops so that \u201cthe sale prices Walmart is receiving for its used personal property in Colorado are a mere fraction of the replacement cost new of such items.\u201d<\/p>\n

Walmart claims those external forces are not reflected in Garfield County\u2019s valuation of store assets.<\/p>\n

Walmart claims there is precedent for their version of property assessment based on a 2003 case where Xerox Corp. sued a county commission in Colorado.<\/p>\n

The boards of adjustment in the 32 counties failed to account for the normal economic conditions \u201cwhich are now adversely affecting actual sale prices for Walmart\u2019s used personal property,\u201d according to the lawsuit.<\/p>\n

The value of Walmart\u2019s Glenwood Springs location value, as determined by the Garfield County Assessor, increased from $5.58 million in 2018 to $6.38 million in 2019. The Rifle Walmart\u2019s value decreased from $6.15 million in 2018 to $6.06 million in the 2019 valuation.<\/p>\n

The lawsuit requests that the two Walmart stores in Garfield County be reassessed \u201cto an amount proven at trial,\u201d and for the county to pay legal fees and any other relief that seems fair to the court.<\/p>\n

Garfield County Assessor Jim Yellico said that Walmart must pay taxes in different ways in different states, and doubts that Walmart\u2019s legal challenge in Colorado will succeed.<\/p>\n

\u201cI would expect that by the time Walmart\u2019s lawyers thoroughly study the Colorado property tax system, they will realize the assessors are correctly following the law. I don\u2019t predict the lawsuit going very far,\u201d Yellico said in a statement.<\/p>\n

tphippen@postindependent.com<\/a><\/em><\/p>\n

via:: Post Independent<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rifle’s Super Wal-Mart opened in 2003.Post Independent Walmart is suing Garfield County, along with 31 other Colorado counties, for allegedly overestimating property values. Walmart Inc., claims that various counties failed to consider market forces, like competition from Amazon and other online retailers, when evaluating the property value of 95 Colorado Walmart stores. The principal complaint […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[160],"tags":[],"class_list":["post-1316737","post","type-post","status-publish","format-standard","category-local-news"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-09-06 13:17:18","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSKE Ski Country","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kske","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1316737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/comments?post=1316737"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1316737\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/media?parent=1316737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/categories?post=1316737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/tags?post=1316737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}