Oconomowoc sued over taxes on Target distribution center

Mon. April 20, 2009; Posted: 05:42 PM

WAUKESHA, Apr 20, 2009 (Milwaukee Journal Sentinel - McClatchy-Tribune Information Services via COMTEX) -- DH | Quote | Chart | News | PowerRating -- Dayton Hudson Corp. filed a lawsuit Monday against the City of Oconomowoc, claiming the city levied excessive taxes in 2008 against the company's Target Corp. Midwest Distribution Center.

Dayton Hudson is seeking refunds of $462,497 in property taxes and about $913 in personal property taxes, according to the suit filed in Waukesha County Circuit Court.

The company contends that the city's assessor overvalued the distribution center property at 1100 Valley Road by about $30.6 million.

The assessment was set at $83,106,900 by the assessor, but Dayton Hudson says the fair market value for the property in 2008 was no higher than $52,500,000.

Dayton Hudson received a property tax bill of $1,223,809 from the city, but it contends the bill should have been $761,312, based on the lower property value.

The company also says in the suit that the city overvalued the personal property at the site, setting the value at $4,054,633, when it should have been $4,117,633. The higher value resulted in a bill of $59,710.48 when it should have been $58,796.98, the suit claims.

Dayton Hudson filed claims with the city in January challenging the property assessments, but city officials took no action on them, according to the suit.

Claims often are precursors to lawsuits.

The city's attorney, Ted Waskowski, said he had not yet seen the lawsuit and could not comment on it.

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