Woodmen request would take nearly $40M in valuation from tax

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Uffda
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Woodmen request would take nearly $40M in valuation from tax

Post by Uffda »

The Douglas County Board is considering a request by Woodmen of the World Life Insurance Co. for a property tax exemption on four properties in Omaha – a move that would knock most of the iconic Woodmen Tower and nearly $40 million in valuation from the county tax rolls.

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cdub
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Re: Woodmen request would take nearly $40M in valuation from

Post by cdub »

Bad deal. If the law does really allow it, it should be changed. We can discuss whether government (local) services should be curtailed, but as they are they are already short and this would leave a mark!
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Uffda
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Re: Woodmen request would take nearly $40M in valuation from

Post by Uffda »

Woodmen argues that it is a charity first, reporting $40 million in charitable giving last fiscal year — everything from disaster assistance to distributing American flags. But its core insurance business brought in $1.2 billion in gross revenue, according to the organization’s 2013 annual report.
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