DURANGO, Colo. — The parent company of Walmart has sued dozens of counties in Colorado where the company has store locations. The company claims its stores’ equipment is being overvalued.
The Durango Herald reports that county assessors are tasked with taking inventory of businesses’ personal property and determining the items’ value.
Authorities say Walmart Inc. filed the lawsuit against 31 of the state’s 64 counties saying the valuations don’t reflect the stores’ equipment, which wears out faster due to overnight hours of operation.
Corporate officials say the lawsuit seeks to reduce the value of its personal property at 95 of its stores and recoup attorney fees.
County officials say their attorneys across the state are expected to coordinate their defense.
Walmart’s attorney, Brian Huebsch of Littleton, Colorado, declined requests for comment.
Walmart has sought to reduce its taxes in other counties across the country, including Pulaski County in Arkansas, where it argued the value of its stores should be based on the sale of similar-sized big-box stores — stores that are often vacant when they're sold.
Walmart lost the Pulaski County case but has appealed.
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