Duke Energy’s attempt to slash its Citrus County tax bill might have backfired: A new appraisal says the utility owes more than three times what it paid last year.
An appraisal team hired by Citrus County concluded that Duke did not accurately disclose the value of all its taxable property, according to a report released Thursday. The utility undervalued its land and failed to include some transmission lines, easements, substations and transformers in the value of its assets, the report said.
The appraisers assessed Duke’s Citrus County property at $3.47 billion. That’s up from the county property appraiser’s assessment last year of $2.32 billion, which Duke said was too high. READ MORE CLICK HERE..