Fort Frances and Resolute Forest Products reach tax appeal agreement:
The Town of Fort Frances and Resolute Forest Products has reached an agreement to resolve the outstanding assessment appeal complaints over Resolute’s mill.
Resolute had been seeking reductions of about 58%.
Instead, the property assessment will be reduced by about 25% for the years 2009-2012.
As a result, the town will have to pay Resolute a $1.763 million tax refund rather than the possible $4.098 million had Resolute been successful in their assessment appeal.
