Wood County Assessor calling for more reporting on warehouse inventory

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PARKERSBURG, W.Va.-(WTAP) Wood County Assessor David Nohe says county officials need to know specifically what items are being stored in local warehouses, not just their volume and cash value.

On Monday, Nohe told the Wood County Commission knowing the exact inventory would have helped firefighters who battled the IEI Plastics fire in the fall of 2017.

But, Nohe says, the Assessor's Office also looks at it as a tax issue.

"When you look at it from the fire, and the fire department's commission, if we can come together as a partnership, it just rounds it off. And if we cooperate, we can find out what those inventories are."

This comes as the West Virginia Legislature has been considering eliminating the state's business and inventory tax.

The Wood County Assessor's Office has presented the Wood County Commission with figures indicating Wood County would lose nearly $1,500,000 in tax revenue if the business and inventory tax were eliminated.

But the entire tax revenue loss, including all of Wood County's cities and schools, could be more than $7,600,000.