CONTACT US
MENUMENU
  • About
    • About Us
    • KEA Serves
    • Careers
    • Client Portal
    • Contact Us
  • Real Estate
    • Commercial Real Estate
    • Auto Dealerships
    • Banking
    • Convenience Stores
    • Hospital & Health Care
    • Industrial
    • Multi-Family
    • Office
    • Restaurant
    • Retail
  • Energy
    • Oil & Gas
    • Midstream
    • Frac Sand & Mining
    • Renewable Energy & Conventional Generation
    • ESG Tax Partnership
  • Services
    • Real Property
    • Personal Property
    • Severance Tax
    • Sales Tax
    • Valuation
    • Incentives & Abatements
      • Chapter 313 School Value Limitation Consulting
      • Chapter 312 Tax Abatement Tax Consulting
  • News
    • Commercial Real Estate
    • Energy

September 5, 2019

Walmart Property Tax Ruling Goes Against the Retailer

In a case that has come under much scrutiny from the public eye, Walmart has lost its first chance as utilizing the much-maligned “dark store theory” in their valuations. An appeal by Walmart to reduce specifically the Pulaski County property tax assessments against the big-box retailer was denied by County Judge Barry Hyde, who said in a ruling that the proposed methods of valuation were “fundamentally flawed.” The Walmart property tax ruling is thought to be challenged by the retailer in the circuit court.

Many other counties in the state have kept a close eye on the ruling as it could be precedent-setting for the other counties in the state. “We expect them to file an appeal with the circuit court,” said Baxter County Assessor Jayme Nicholson, who traveled to Little Rock last month to attend the two-day court case. “We will just have to keep a watch on it.” The entire case in Pulaski County is over the valuation of 8 Walmart supercenters and two additional Sam’s Club locations that were worth a total $145 million in taxable value.

The issue at the core of this lawsuit is how big-box retailers should be assessed. Walmart and others argue that because of the size, location, and uniqueness of each store, the market value of the physical real estate is inherently lower than that of a typical office building. The thought process is that a Home Depot or Staples is so specific to their store model, that it lowers the resale value of the real estate.

As for now, Pulaski County has sided with the county as Walmart is challenged to demonstrate “by a preponderance of the evidence” the correct values in the county.

Share:
About KE Andrews
More Posts
  • Proposition 120 Colorado - What Is It?
    Proposition 120 Colorado - What Is It?
    July 6, 2022
  • NY Court of Appeals Levels The Field For Commercial Leaseholders
    NY Court of Appeals Levels The Field For Commercial Leaseholders
    August 15, 2022
  • Will The Texas ISD M&O Property Tax Rate Be Eliminated
    Will The Texas ISD M&O Property Tax Rate Be Eliminated
    May 9, 2022
  • Texas Property Tax Info Now Available for Taxpayers
    Texas Property Tax Info Now Available for Taxpayers
    March 18, 2022
  • Montana Property Tax - Supreme Court Will Stay Out of Initiative Case
    Montana Property Tax - Supreme Court Will Stay Out of Initiative Case
    February 7, 2022
Search
Scroll

KE Andrews is a state and local tax firm founded in 1978 that provides services nationwide. Our core business units are property tax, severance tax, and sales & use tax.

CONTACT US

Our Main Office

2424 Ridge Rd., Rockwall, TX

Write Us

Email: contact@keatax.com

Call Us

469-298-1594

Menu
  • Real Property
  • Personal Property
  • Commercial Real Estate
  • Oil & Gas
  • Sales Tax
Copyright @ 2022 - KE Andrews. All Rights Reserved.
  • Home
  • Contact Us
  • ABOUT
    • About Us
    • KEA Serves
    • Careers
  • REAL ESTATE
    • Commercial Real Estate
    • Auto Dealerships
    • Banking
    • Convenience Stores
    • Hospital & Health Care
    • Industrial
    • Multi-Family
    • Office
    • Restaurant
    • Retail
  • ENERGY
    • Oil & Gas
    • Midstream
    • Frac Sand & Mining
    • Renewable Energy & Conventional Generation
  • NEWS & INSIGHTS
    • Commercial Real Estate
    • Energy
  • SERVICES
    • Real Property
    • Personal Property
    • Severance Tax
    • Sales Tax
    • Incentives & Abatements
    • Valuation Services