Citigroup’s Server Farm Valuation Slightly Reduced by Ohio Panel

Citigroup Technology Inc.‘s data center outside Columbus, Ohio, is worth $7.31 million less than the county auditor’s original valuation, but not $200 million less as the company argued, the state tax board ruled Tuesday.

The Ohio Board of Tax Appeals rejected the company’s arguments that its server farm on 52 acres in Delaware County where credit card information is stored was “overbuilt.” Certain redundant features, such as a double roof and backup power sources, were necessary to avoid disruptions and added to its value, the board said.

It reduced the auditor’s initial 2020 valuation of $165.9 million to $158.6 ...