The NFL’s Carolina Panthers think county assessors are way off in their valuation of its stadium in Charlotte, N.C.
As part of property valuation required by state law, Mecklenburg County has determined that the Panthers’ Bank of America Stadium is worth $572.3 million. But the franchise says it’s only worth $87.3 million. The valuation difference could mean about $4 million in taxes per year.
Leo Caplanides, a spokesman for Mecklenburg County, said the team has submitted an informal review request with the county assessor’s office. According to the Panthers’ submission, they are challenging the stadium’s valuation based on the $2.3 ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.