Lake Hallie sign

A sign in Lake Hallie's Municipal Building is shown in this May 2016 file photo.

FILE PHOTO

In a lawsuit filed Tuesday in Chippewa County circuit court, Walmart has sued the Village of Lake Hallie over alleged “excessive real estate taxes” for the year of 2017.

Walmart’s store in Lake Hallie is at 2786 Commercial Boulevard.

According to the complaint, the Village Assessor’s office set the value of the property in 2017 at just over $14 million. Walmart claims the property is actually worth roughly $9 million.

Walmart is asking for a refund of the excess property taxes, plus interest and the cost of its legal fees.

“The 2017 assessment of the (Walmart) Property was excessive. As a result, the tax imposed on the Property for 2017 was excessive,” the complaint read.

In its complaint, the retail giant also claimed Lake Hallie’s assessment of the property was not equal to the village’s assessments of other properties in the area.

The store was built in 2004. The village of Lake Hallie assessed the value of the land itself at almost $3 million, while the buildings and “improvements” bear the brunt of the price tag at $11 million, according to 2017 village property records.

2017 property records for other Lake Hallie restaurant or retail locations show that the village assessed Culver’s (2753 Commercial Blvd.) at $1,200,000, Aldi (3064 Commercial Blvd.) at $1,650,000, and McDonald’s (2971 Commercial Blvd.) at $1,089,000, approximately.

Walmart’s Lake Hallie building is 205,650 square feet; Culver’s is 4,827; Aldi is 18,453; and McDonald’s is 5,854.

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