PORTLAND, Ore. (AP) -- Comcast has won a property tax decision that could cost some Oregon counties millions in refunds.
The Oregonian reports (http://bit.ly/ofJIzq ) the Oregon Tax Court ruled Aug. 10 that the state Department of Revenue improperly assessed the value of the cable company's assets. The next step is a formal judgment, and then either side could appeal to the state supreme court.
Multnomah County could have to repay more than $8 million, Washington County $5 million and Clackamas County about $4 million, plus interest.
Because counties collect property taxes for local taxing districts, the decision also affects cities, school and fire districts.
Information from: The Oregonian, http://www.oregonlive.com