Land the Airport Hilton sits on is exempt from property taxes, but a state judge has ruled the building out of which the business operates is not exempt, and that translates into about $30,000 a year the hotel now will be required to pay in property taxes.
Blount County Property Assessor Mike Morton announced the recent ruling affecting the Alcoa Highway hotel on Wednesday.
Administrative Law Judge Brook Thompson handed down the ruling resulting in Blount County receiving at least $30,000 in property taxes annually from the Hilton. Morton said he made the ruling public Wednesday because of the upcoming budget decisions for fiscal 2012-2013.
Full article located at: http://www.knoxnews.com/news/2012/feb/08/hilton-loses-property-tax-exemption-ordered-to/
