GRESHAM, OR-Fujitsu Microelectronic has successfully appealed its recent property tax appraisals, and will receive a $172,000 credit from the City of Gresham on its current-year tax receipts. The company also will receive an unspecified refund from Multnomah County and at least one school district, which also receive a piece of the company’s property tax payments.

In addition to the value of the structure, property valuations also are based on how much the equipment inside the building costs and how much revenue that equipment can help the company generate. Fujitsu successfully argued that plant equipment was less valuable than estimated due to an extraordinarily depressed market for its DRAM computer chips. The state Department of Revenue agreed to a settlement that reduced the plant’s value during those tax years by upward of $300 million. Despite the loss of finds, Gresham’s finance manager Terry McCall says “Fujitsu pays substantial taxes and we benefit from them, so I still have to be appreciative of what we do have, and also appreciate Fujitsu as a corporate citizen.”

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

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.