CORNING CHALLENGES TAX ASSESSMENT

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, February 27, 1992                   TAG: 9202270217
SECTION: CURRENT                    PAGE: NRV5   EDITION: NEW RIVER VALLEY 
SOURCE: New River Valley bureau
DATELINE: CHRISTIANSBURG                                LENGTH: Short
CORNING CHALLENGES TAX ASSESSMENT
Corning Inc. has filed a lawsuit challenging Montgomery County's property tax assessment of its plant on U.S. 460.
Corning had challenged the valuation before the county Board of Equalization, which kept the value of the land the same, $953,700, and reduced the plant's value from $6.03 million to $5.8 million, the suit said.
But the assessments still are wrong and are more than those for similar properties in the same area, Corning said.
Corning wants the Montgomery County Circuit Court to order the county to correct the "erroneous assessments," make the necessary corrections in county records and pay any refunds along with interest.

by Bhavesh Jinadra by CNB