Travis County confirms Spansion property tax payment

Travis County Tax Assessor-Collector Nelda Wells Spears announced this morning that the county had received a payment $7,381,922.27 from flash memory maker Spansion—which represents most of what was owed.

 

On Thursday, Travis County officials seized chip making equipment belonging to the company in order to ensure payment of more than $8.6 million in property taxes owed to the City of Austin, Travis County and the Del Valle ISD.

 

Spears released the following statement: “Our responsibility is to collect taxes to support local service such as schools, law enforcement and fire protection.  I sincerely thank the 95% of Travis County’s taxpayers who paid on time.  Many taxpayers, including homeowners and business owners, plan their payment well in advance; many sacrifice to make sure they meet this obligation on time.” 

 

Travis County officials said Spansion had agreed to pay the remainder of the taxes over the next few months.