Plant to get reimbursed
October 24, 2013 by Administrator
Constantine village and township plan to reimburse more than $200,000 owed to a former manufacturing plant following a reassessment of its property taxes.
Village officials this week were told Rexam Closure Systems appealed its 2011 tax assessment. The assessment was $11.2 million but reduced to $4.5 million following its appeal. As a result, the village and township owe a total reimbursement of $215,000.
The village-owed portion is in excess of $70,000 and will be paid back in three installments annually starting in January 2014, village manager Mark Honeysett said. Constantine Township has not yet announced its repayment plan.
Rexam, which was the largest employer in Constantine, closed in December 2010.