In addition to the value of the structure, property valuationsalso are based on how much the equipment inside the building costsand how much revenue that equipment can help the company generate.Fujitsu successfully argued that plant equipment was less valuablethan estimated due to an extraordinarily depressed market for itsDRAM computer chips. The state Department of Revenue agreed to asettlement that reduced the plant's value during those tax years byupward of $300 million. Despite the loss of finds, Gresham'sfinance manager Terry McCall says "Fujitsu pays substantial taxesand we benefit from them, so I still have to be appreciative ofwhat we do have, and also appreciate Fujitsu as a corporatecitizen."

The company's Southeast Stark Street plant has one of the 10highest assessed values in Oregon and, because of it, Fujitsuprovides one-eighth of the property tax dollars the city uses topay for police and fire services. Alas, the company next yearexpects to add new equipment that will increase its assessed valueand the corresponding tax payments – until they appeal it again,that is.