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Massena trustees forced to return $23,059 to Kent Grove Realty following assessment challenge, two more cases are pending

Posted 11/8/13

MASSENA -- The village board returned $23,059.02 to Kent Grove Realty due to a settlement over their challenge to the assessment on St. Regis Nursing Home, 89 Grove Street. That breaks down to …

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Massena trustees forced to return $23,059 to Kent Grove Realty following assessment challenge, two more cases are pending

Posted

MASSENA -- The village board returned $23,059.02 to Kent Grove Realty due to a settlement over their challenge to the assessment on St. Regis Nursing Home, 89 Grove Street.

That breaks down to $11,729.23 for 2013-14 and $11,329.79 for 2012-13.

The building’s assessment was lowered by $810,000, from $3,726,000 to $2,916,000.

The town board will be returning approximately $75,000 as a result of the settlement.

Massena 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.