Tag Archives: Hershey Manufacturing

Augusta County to pay $600,000 to Hershey for over-assessment of Stuarts Draft plant

Hershey 1By Lynn R. Mitchell

Remember the tax revolt from 2009 when ordinary citizens in Augusta County protested that the government had over-assessed their properties just as the real estate bubble burst? (See Largest crowd ever … 1,000 residents protest taxes at Augusta BOS meeting and Augusta tax revolt was a huge success.)

It looks as if Augusta County also overestimated the value of the Hershey Manufacturing Plant in Stuarts Draft by valuing it for $30 million when in reality it was closer to $15 million.

Reporter Brad Zinn at the Staunton News Leader is reporting that, four years after the case originally began, the county and Hershey have come to an agreement with the county paying Hershey $600,000, an amount that is due within 10 days (see Augusta Co. to pay Hershey $600,000 in tax settlement.)

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