The Town of Seabrook, through its Board of Selectmen, have announced a three year tax agreement with NextEra. This tax agreement covers fiscal years 2021, 2022, and 2023 and is in the amount of $40 million for the three year period. This agreement is for the property occupied by the nuclear power facility Seabrook Station, which is owned by NextEra.
The tax agreement will settle the NextEra appeal of the FY 2021 tax assessment, which had been filed, as well as the 2022 tax assessment, which NextEra had filed a notice of intent to appeal. The agreement does not require Seabrook to refund, or abate, property tax for any one of the years covered in the agreement. The FY 2022 assessed value of the plant is $1.2 billion.
The prior three year tax agreement covered FY 2018, 2019, and 2020 and was valued at $36 million.
The statement issued after the announcement is below.
“This negotiation, although longer than usual, has produced an agreement that increases the three-year tax payment by $4 million, an outcome that is extremely positive for the taxpayers of Seabrook. It is, at the same time, an equitable agreement for NextEra and the Town. The Board of Selectmen are pleased with the result, and grateful for the diligence and work of the staff, and the partnership with NextEra that brought these negotiations to a successful conclusion.”
Bill Manzi.com 