Chobani says county over-assessed property by $216 million

Chobani says county over-assessed property by $216 million
Posted at 2:56 PM, Jul 12, 2018
and last updated 2018-07-12 16:56:57-04

Yogurt company Chobani says the assessed value of its Twin Falls plant is $216 million higher than it should be.

The Times-News reports the Twin Falls County assessor's office had initially valued the property at more than $495 million. Court records say the assessment was lowered to $424 million after the company appealed.

But Chobani argues the total value of its real and personal property is just $176 million.

The Idaho Board of Tax Appeals disagreed with the company's assessment -- but in April modified the value to nearly $393 million.

Now, the yogurt manufacturer has taken its case to district court.

Twin Falls County and Chobani could still potentially settle outside of court, or the issue may come before a jury in a trial scheduled for June 2019.

Twin Falls County Assessor Brad Wills declined to comment.

(by Associated Press)