It’s not an unusual move for a corporation to turn to the court system in an attempt to reduce land values, especially in the theme-park industry.
“That’s the nature of the business,” Singh told the Sentinel during an October interview.
In September, Singh settled with SeaWorld Orlando to end a multiyear tax dispute. The two sides determined SeaWorld’s assessed value will remain at $182.5 million for 2014 and decrease to about $171 million for 2015 and 2016. SeaWorld’s taxable value also cannot exceed $178 million for the upcoming 2017 tax year, the Sept. 20 settlement agreement said.
Walt Disney Parks and Resorts is also fighting Singh in court after the company filed 11 lawsuits in Orange Circuit Court in May to dispute the 2016 tax assessments for its Disney World properties, including Magic Kingdom.
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