Ideanomics in a court filing said the $21.9 million assessment was “grossly excessive, disproportionate and unlawful.” Based on West Hartford’s 2019-2020 mill rate of 41.8, Ideanomics would owe about $918,834 in property taxes this fiscal year. Meantime, Ideanomics last week unveiled renderings of its planned sprawling West Hartford project — previously estimated at $283 million — showing an art gallery, wetlands park walkway, community center, civic plaza and space for Ideanomics and other tech companies. The development is being seeded through a $10 million pledge from the state in exchange for 330 jobs Ideanomics promised to create.
https://www.hartfordbusiness.com/article/ideanomics-sues-w-hartford-over-property-tax-assessment