By ANDY GARDNER
MASSENA -- The town has settled out of court with Kent Grove Realty regarding its assessment dispute with the St. Regis Nursing Home.
The two parties agreed upon an assessment of $2,916,000. They had challenged an assessment of $3,726,000 for 2011, 2012, and 2013 and were seeking an assessment of $2,026,000.
Kent Grove, as part of the settlement is entitled to a repayment of taxes for those years.
“While I don’t have exact figures for each year of the tax refunds, they will average about $25,000 a year, or a total of approximately $75,000,” Town Supervisor Joseph Gray wrote in an email.
Gray said taxpayers shouldn’t see a drastic leap on their bills as a result.
“There’s some kind of an impact, but it’s not dramatic,” he said. “I don’t think anyone will see a spike in their taxes.”
The town has current assessment challenges pending with W.P. Realty, Northern New York Newspapers, and Massena HHSC, Inc.
W.P. Realty is seeking a 90 percent reduction in value of the St. Lawrence Plaza, which houses Hannaford and Office Max on State Highway 37. It is currently assessed at $5.1 million and they claim it is worth $509,472.
The Harte Haven shopping center, located on State Highway 37 and owned by Massena HHSC, Inc. is currently assessed at $5,115,560, an amount determined by the Board of Assessment Review after a previous challenge by the owners. They argue it is worth $2 million.
The Northern New York Newspapers building, also located along State Highway 37, is currently assessed at $2,004,400. The company, owned by the Johnson Newspaper Corp. that publishes the Daily Courier Observer, Ogdensburg Journal and St. Lawrence Plaindealer in St. Lawrence County, claims the building and property are only worth $1 million.