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Experts: Duke undervaluing assets
June 6, 2013
Citrus County Chronicle

Citrus County Property Appraiser’s Office officials, who say they were caught off guard late last year when Duke Energy’s tax payment came in $16 million short of expected, now say they have the experts on hand and are ready to do battle if necessary.

Property Appraiser Geoff Greene announced last week that a first-time appraisal of the local Duke Energy assets and property netted a $1.15 billion increase in taxable value for 2013. If the company agreed to the new assessment, which Greene doesn’t expect, its tax bill would jump from $36 million in 2012 to $54.6 million this year.

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