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Ralston Purina Challenging City Tax Assessment of HQ

By AP/KWMU

St. Louis, MO – Pet food maker Ralston Purina wants the state of Missouri to lower the latest tax assessment on its St. Louis headquarters.

If that happens, the city might be out more than $800,000 on property taxes it collects from the buildings. Other entities, including the St. Louis School District, also stand to lose tax revenue.

The Nestle-owned firm says its campus near downtown is worth just under $16.8 million. But the city says the buildings could net more than $47 million.

A panel called the Missouri State Tax Commission can change local assessments, and could take up Purina's case this spring.

The campus in question includes a 15-story office tower, warehouses, and research facilities.

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