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Supervalu Mall owners will be saving on their tax assessment

The District of Houston will be losing a bit of money from the Houston Mall owners.

The Property Assessment Review Panel will make the District reduce Realacorp Management’s tax assessment, costing Houston over $14,000.

The Mall was the home to Supervalu, a grocery store that closed late last month due to underperformance according to parent company Loblaw.

Residents now have to travel 40-50 minutes out of town for groceries with no news of a grocer taking Supervalu’s place.

Realacorp had no comment about any replacement grocery store in the mall or the reasons for the reduction in their assessed value.

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