The managers of Austin’s Circuit of the Americas race track are arguing the $7 million-plus property-tax bill they receive in January is more than 2½ times higher than it should be, an assertion disputed by the arm of the local government that sets property values.
The two sides have been in district court since the fall, and Wednesday, in a separate hearing, Circuit of the Americas will argue that government appraisers are trying to overvalue the track for the second year in a row.
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