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- October 26, 2015

F1 Wraps, But COTA’s Property Tax Lawsuit Is Far From Over

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KUT — Formula One at Circuit of the Americas, or COTA, has now wrapped up. But one thing that still has yet to conclude: a lawsuit COTA filed against the Travis County Appraisal District in 2013.

A COTA spokesperson says the suit is a simple matter of differing opinions. COTA’s original tax bill for 2013 and 2014 is just under $14.5 million and, so far, they’ve paid about $5 million. They’re contesting the other $9 million the appraisal district says they owe. So, while that remainder of COTA’s contested tax bill is stuck in court, the entirety of the taxes aren’t being…

 

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