STEVENS POINT, Wis. (WSAU) -- The legal battle between Walgreens and several municipalities over property tax assessments is still ongoing.
Stevens Point City Attorney Andrew Logan Beveridge says the whole issue comes down to a disagreement on how property taxes are determined. "It’s an unfair tax assessment case. It was filed in 2010, so there’s a couple of years we’re looking at there, but essentially, we’re just starting to move along in the process, more towards a resolution, and starting to engage Walgreens in negotiations to try to find a resolution that’s amicable for both parties.”
Beveridge says the key for him is find a resolution where Walgreens pays its fair share so that other Stevens Point property owners don’t have to pay more than they should. The Stevens Point store was assessed at $2.6 million in 2009. The valuation was raised to $3.2 million in 2010.
Several other communities including Oshkosh and Wausau have similar suits. Beveridge says they all started after a Madison case. “They have filed similar suits in a number of other communities in the state. It all goes back to a decision that came from the Supreme Court a couple of years back, in which Walgreens received a favorable determination in a case down in Madison. Based upon that decision, that’s what led them to file these other suits.”
Beveridge says it is a long process, and they are not just waiting to see how other suits end up. “With regards to whether we’re waiting to see what the outcome is in those places, not really. We’re looking at the case here in Stevens Point based on the facts here in Stevens Point.”
If the Stevens Point case isn’t resolved, it will go to trial on October 22nd.