OREGON – Some Ogle County taxing bodies will see an increase in revenue from Exelon Nuclear’s Byron Generating Station when real estate taxes are paid later this year.
The Board of Review voted unanimously Tuesday to uphold the $499 million assessment of the nuclear plant set in the fall by Ogle County Supervisor of Assessments Jim Harrison.
“I still think Jim’s method of calculating was the best,” said board member Robert Godman of Byron. “I’d like to propose Jim’s number of $499,226,061 with the condition that its set at that for the next 4 years.”
Board member Thomas Lewandowski of Oregon agreed. “Based off the last few years, the $499 million is pretty consistent,” he said.
Exelon Nuclear and the Byron School District, one of the taxing bodies that receives tax revenues from the station, challenged Harrison’s assessment for 2012. Both filed appeals in November.
The 2011 assessment was $480 million.
The difference will mean Exelon Nuclear will pay about $31.7 million in taxes to the 11 taxing bodies, $1.2 million more than last year.
The three-member board listened to almost 5 hours of testimony Jan. 29 from appraisers and attorneys representing both sides.
Exelon Nuclear’s appeal set the plant’s value at $296 million, while the school district’s appeal said the plant is worth $731 million.
All three board members, including Joe Yockey, of Stillman Valley, voted yes to the motion that called for the assessment to be set at $499 million through 2016.
Exelon Nuclear spokesman Paul Dempsey said company officials will discuss the new assessment.
“It’s something our folks will take back and discuss,” Dempsey said. “Exelon is always committed to paying our fair share of taxes.”
The assessment can be appealed to the Illinois Property Tax Appeal Board.
In addition to the Byron School District, affected taxing bodies are Ogle County, Rockvale Township, Oregon School District, Oregon Park District, Byron Fire District, Rock Valley College in Rockford, Byron Public Library District, Byron Museum District, Byron Forest Preserve District, and Kishwaukee Community College in Malta.