A hydroelectric plant on the Connecticut River in Massachusetts was overvalued for tax purposes for three years, the state’s Appellate Tax Board ruled in an opinion released Thursday.
The plant owners’ valuation expert based his estimates on historical data and other reliable sources, making his figures less speculative than those presented by the expert for the town boards of assessors, Chairman Mark J. DeFrancisco wrote for the unanimous board.
- FirstLight Power Resources Inc. and Northfield Mountain LLC appealed the 2019-2022 assessments of their Northfield Mountain Pumped Storage Hydroelectric Facility by the assessment boards of Erving and Northfield, where the plant ...
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