SHEBOYGAN - Black Friday is one of the most lucrative times of the year for businesses like Walmart. But right before people lined up at their store on South Taylor Drive, the mega-retailer filed a lawsuit against the city of Sheboygan.
The Nov. 22 lawsuit filed says, "The 2017 assessment of the Property was excessive. As a result, the tax imposed on the Property for 2017 was excessive."
"Nobody pays property taxes would tolerate and assessment four to five times what you could actually sell your property for," said Robert Hill, the lawyer representing Walmart.
Mayor Mike Vandersteen said their $13.6 million assessment is correct.
"Because we followed the rules," Vandersteen said.
Walmart is suing to lower the assessment to about $9.6 million.
A lawyer for Walmart tells TODAY'S TMJ4 the property tax assessments in Sheboygan, Plymouth and Town of Sheboygan are more than $12 million than what they should be.
There has been legislation brought forth to close the so-called "loophole" for big box stores to sue for a lower property tax assessment. No action has been taken this session.