The Contra Costa County Assessment Appeals board will release its decision Monday on Chevron’s challenge of its Richmond refinery values.
The oil giant seeks refunds worth up to $73 million in property taxes it paid from 2007 through 2009, or slightly more than half of what the company was assessed.
The county and cities, along with fire, parks and other dozens of other special districts, will bear the burden of any repayment at a time when most public agencies have already experienced years of declining budgets.
The three-member appeals board heard dozens of hours of testimony over the winter on the complex challenge from the county’s largest property taxpayer.
Chevron argued that Contra Costa County Assessor Gus Kramer and his staff failed to document how they derived the values and intentionally miscalculated the final numbers. (Read an excerpt of Chevron’s brief filed with the Assessment Appeals Board here.)
In response, Kramer accuses the deep-pocketed oil company of systematically bullying the county with unsubstantiated and costly appeals and lawsuits in an effort to lower its taxes.
If the board sides with Chevron, it will be the refinery’s second victory in its nearly eight-year fight with Kramer over its taxable worth.
The panel in 2010 ordered a repayment of $17.8 million on the refinery’s 2004-2006 property assessment appeal, a figure far short of what the company sought. Chevron subsequently filed a lawsuit, which is still pending.
Chevron has also appealed its 2010 and 2011 property values.
Refinery spokesman Dean O’Hair said the company remains eager to negotiate with the county a settlement of all the appeals and the lawsuit.
If the appeals board orders a refund, O’Hair said Chevron will again work with the county to minimize the financial impact on the public agencies including a phased-in repayment schedule and a waiver of interest.
The public appeals board hearing begins at 9 a.m. in the Contra Costa County administration building, 651 Pine St., Martinez.