Friday, September 4, 2009
Chevron to Get More Money from East Bay Taxpayers
Business Robert Gammon — Fri, Sep 4, 2009 at 10:11 AM
Oil giant Chevron, which regularly reports billions in quarterly profits, is going to get a $12.6 million break on its property taxes at its Richmond facility. Chevron complained that the Contra Costa County tax assessor had overvalued its Richmond property from 2004 to 2006. According to the Contra Costa Times, a county appeals board agreed with Chevron that the assessor got it wrong - although it ruled that the company's land is worth more than Chevron claimed. The ruling, if it stands, likely will mean that the cash-strapped county will have to pay the money back -- even though the oil giant can easily afford the tax bill.
Comments (1)
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Mr. Gammon,
Chevron believes the County's independent Appeals Board made the right decision based on the facts that were presented during the appeals process. Like any other taxpayer, we want a fair and reasonable process for assessing the value of the Refinery.
A fair and reasonable process is something every taxpayer – no matter how big or small – deserves and will help ensure our ability to operate successfully, provide good-paying jobs and support programs that help improve the quality of life for local residents.
Chevron recognizes that Contra Costa County and others are facing challenging fiscal times. We are committed to working with local government officials to implement the decision in such a way that considers the important services that they provide to County residents.
As for the headline on your posting, we are not sure what is meant by "more money from East Bay taxpayers". We are an East Bay Taxpayer and it's money that the County's Appeals Board determined Chevron has overpaid that is due back to us.
We would be happy to discuss this with you in the interest of ensuring your readers are presented with statements and information that are completely accurate.
-Justin H w/ Chevron
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