Oconee County commissioners gave tentative agreement on Tuesday night to a settlement that will result in a nearly $1.1 million refund to Caterpillar for taxes it mistakenly paid on personal property at its plant in Bogart.
Consistent with an agreement between Oconee and Clarke counties signed in 2012 when Caterpillar decided to move to the site, all tax revenue from the firm is split evenly between the two counties.
As a result, Oconee County and Clarke County each will refund $538,405 to Caterpillar.