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Home / News / St. Charles Business Record / County drops valuation of GM property by 26%

County drops valuation of GM property by 26%

Layoffs become effective today for hundreds of workers

The St. Charles County Board of Equalization has voted to approve Assessor Scott Shipman's recommendation to reduce the assessed valuation of personal property at General Motors' van-assembly plant in Wentzville. The county dropped the assessed value of GM's personal property at the plant to $23.7 million; that is an $8.5 million reduction from the amount originally ...

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