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Asarco’s self-reported value decreases by $10 million

Posted: Wednesday, Aug 27th, 2014

Hayden — The Gila County Board of Supervisors got a huge surprise on Friday, Aug. 15, when the supervisors learned that Asarco’s self-reported value for its Hayden mine property came in about $10 million less than in 2013.

Last year, the company reported a value of about $13 million to the Arizona Department of Revenue. This year, the company reported a value of about $3 million. Unlike homes and smaller businesses, larger businesses such as mines and utility companies do not have their values assessed by their respective county assessor’s office. Instead, they self-report directly to the Department of Revenue.

For the complete article see the 08-27-2014 issue.

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