Concern is being expressed by the town of Fort Frances over AbitibiBowater's decision to appeal its property assessment back to 2009.Mayor Roy Avis says if the company is successful, the loss in tax revenue would equate to an 8-point-4 per tax increase.
"That's on the $800-thousand the town would lose on an annually basis," says Avis. "We would still have to pick up the $2.2-million adjustment for the three years previously."
There is no word yet when the Assessment Review Board will discuss the appeal.
