Illinois power plant explains inability to pay $2M in taxes

GRAND TOWER, Ill. (AP) — A power plant says it hasn’t been able to pay more than $2 million in taxes to Jackson County because of a property tax assessment.

The Grand Tower Energy Center said in a statement to the Southern Illinoisan that it’s “not in a financial position to make tax payments based on the current assessment.” The plant said it has been working with the county assessor’s office for nearly two years to resolve the issue but its efforts have been “rebuffed.”

The Jackson County Board of Review in May upheld the assessed tax valuation after plant officials tried to get the property’s full valuation reduced from about $100 million to about $7 million.

The power plant will be subject to a tax sale if it doesn’t pay the taxes by Jan. 18.