After reappraisal, Memphis Electrolux plant value — and taxes owed — double

The Memphis Electrolux plant is worth more than double the value it has had for tax purposes over the past several years, documents from the Shelby County Assessor show.

A new appraisal places the plant’s value at $82.5 million, not the $38.7 million that it has been appraised at since 2017. After Electrolux North America announced that it would shutter its Memphis plant in 2020, Shelby County Assessor of Property Melvin Burgess and his administration said it would reappraise the property.

That…

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