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Walmart sues Ticonderoga to lower assessment

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The retail giant Walmart is suing the town of Ticonderoga. The lawsuit in State Supreme Court claims the town's $6.9 million assessment of the Walmart Supercenter there is more than twice what it should be. The move comes months before Walmart will have to pay full taxes after 10 years of payments-in-lieu-of-taxes. Walmart has challenged assessments of its big boxes across the country. Ticonderoga town officials say the property's probably undervalued because the assessment was made when the Supercenter opened in 1998. Town Supervisor Bob Dedrick told David Sommerstein he was very surprised.

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David Sommerstein
Reporter/ Producer

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