Previous Newspaper Printing Plant, Sheraton Resort To Pay Reduced Taxes
Two substantial industrial homes will be paying out significantly less in taxes.
The Falls Township Board of Supervisors past thirty day period authorized attractiveness settlements for the Sheraton Bucks County Resort on Oxford Valley Street and the previous Bucks County Courier Situations printing prepare on Geoffrey Drive
The supervisors permitted cutting down the evaluation for the 15-tale Sheraton Bucks County Lodge, which is owned by Ashford Bucks LLC, from $1,200,360 to $750,000.
Prior to the improve to the evaluation, the lodge paid out about $198,500 per year in taxes between the three taxing bodies – Falls Township, the Pennsbury Faculty District, and Bucks County.
The attraction for the Geoffrey Push printing plant, which was shuttered previous year as section of the newspaper’s downsizing, was filed by Gatehouse Media, which not too long ago merged with Gannett. The a few taxing authorities agreed to decrease the property’s tax evaluation from $449,400 to $315,950, which will lessen the tax monthly bill.
The facility beforehand paid about $92,910 in taxes amongst the 3 taxing authorities.
The shuttered printing plant was bought by the newspaper organization to Ag-Eip Two Geoffrey Drive LLC in December 2020 for $3.55 million, according to county property documents. The developing is presently detailed for lease.
Appeals to assessments and re-assessments are not uncommon and occur when a property owner wants a reevaluation of a property’s value. 1 of the larger reassessments happened when the Oxford Valley Shopping mall in Middletown Township experienced its value decreased in 2019.
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