In recent years, some have said Dresser Rand, now a Siemens business, wasn't paying its fair share in property taxes. A closer looks supports the questions raised. The two 'big' manufacturing companies in Wellsville are DR/Siemens and Alstom Energy US, LLC. Of course there are differences, for example Alstom Energy has two locations in Wellsville (village and town). Let's sort this out...
The Siemens Coats Street primary manufacturing facility was valued at $1.16 million in 2017, but was reduced to $874,000 in 2018. In contrast, the Alstom Energy facility on Truax Road was valued at $7 million in 2017 and again in 2018. Alstom's Main Street - smaller plant- was valued at $995,000 in 2017 and 2018.
So, how much did these 'major' companies pay in taxes to keep this local area moving?
Alstom/Truax 2018 county: $17,260.21
Alstom/Truax 2017 county: $15,743.33
Alstom/Main St. 2018 county: $18,596.30
Alstom/Main St. 2017 county: $19,349.84
Dresser primary/Coats St. 2018 county:$16,348.10
Dresser primary/Coats 2017 county: $27,558.62
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Paid to the village in 2017:
DR: $20, 300
Alstom: $17,412.50
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In 2017, Alstom paid a total property tax in Allegany County (school, village, town/county) of $1,413,563.20 on total property valued at $8,757,000. In contrast, Siemens in 2017 paid a total property tax in Allegany County (school, village, town/county) of $117,345.02 on total property valued at $1,834,963. The greatest disparity is what the properties of the two companies are assessed at.
