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County to hike taxes after Bluebird Mine overvaluation
A $7.4 million overvaluation of the Bluebird Mine near Miami by the State Department of Revenue will trigger a seven cent property tax increase in Gila County this year. The three governments must refund $473,082.18 to Rancher's Exploration Co. and levy new taxes to cover the judgment. Repayments start immediately with six percent interest. the settlement stems from 1973 1974 and 1975 valuations and a December 1975 court decision.
MENTIONED IN THIS ARTICLE
Miami
State Department of Revenue
Gila County
Superior Court
Lynn Sheppard
Bluebird Mine
Bluebird
Sheppard
Don Ross
Ross
State Treasury Office