Vacant Glass Plant's Assessment Unchanged

The assessed value of the vacant Anchor Hocking glass plant in South Connellsville will remain unchanged at $5.59 million based on a decision by the Fayette County Tax Assessment Appeals Board.

The owners of the closed plant had been seeking a reduction of the value by about two-thirds of the current amount, and introduced an appraisal listing the value of the property at $1.87 million during a prior hearing on the matter.

The decision to keep the assessed value the same has been signed by Commissioners Vincent A. Vicites and Angela M. Zimmerlink, according to county Chief Assessor James A. Hercik. The three county commissioners serve on the assessment appeals board. Hercik said Commissioner Joseph A. Hardy III had not signed the document as of Monday morning.

The owners of the shuttered glass plant were seeking a reduction in the assessed value of the property, reasoning that it was not worth what it is assessed at and there is not much demand for property that large, which includes a building that is about 625,000 square feet.

The company abruptly closed its doors in late 2004, sending 300 people to the unemployment lines.

Read the entire news on the source link below.

600450 Vacant Glass Plant's Assessment Unchanged glassonweb.com
Date: 20 March 2007
Source: Heraldstandard.com

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