All American Pet Company Inc (AAPT)

[Alydyr]

You must not be too familiar with commercial leases. Typically, the lesee picks up the allocable portion of their real estate taxes (depends on the lease agreement of course).

I realize that is not enough evidence in this case, so see below in bold.

I believe Olson Manufacturing receives the tax bill and bills AAPT for their portion. AAPT owes about 8.5 months of this Year 2012 tax bill.

Doesn't really matter since the ENTIRE Year 2012 Real Estate tax bill is apparently DELINQUENT.

From the 12/31/2011 Form 10-K filing......

The Company also subleases 19,000 square feet of a 33,000 square foot warehouse located at 8310 Hedge Lane Terrace, Shawnee, Kansas. The Company utilizes the Shawnee premises for light manufacturing, business offices and warehouse storage facilities. The Shawnee facility lease commenced on April 16, 2012 and runs for a 5 year minimum term with monthly rent of $8,371, taxes of $2,336, insurance of $162, and $110 in common area maintenance fees, plus utilities, as incurred. The Company also holds an option to purchase the entire property at the expiration of the third year of the Lease at a price based upon the most current assessment of the County Appraiser’s office and on terms acceptable to the Lessor and Lessee.

http://www.sec.gov/Archives/edgar/data/1362502/000114420412054213/v324326_10k.htm