In 2018, Lodi Financial Reports Listed “JMP 150-174 Essex Street, LLC” as Lodi’s 6th Largest Principal Property Taxpayer With an Assessed Value of $12,349,000.

Today, if you add up all the assessments for “JMP 150-174 Essex Street, LLC” on the August Resolutions, you get a total of $9,110,200.

So, in 6 years, you see JMP’s assessed value drop $3,238,800.

In 2018, the Lodi Mayor and Council cut JMP a payment of $216,765 after they reduced JMPs assessment by “settlement”.

We can now await to see the next payment cut to JMP for the new tax “settlements” I posted today.