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Carmel Central explains tax certiorari settlement tied to New York City reservoirs, says district will quantify fiscal impact
Summary
Board staff told the Carmel Central School District board that a long-running tax certiorari settlement for New York City-owned reservoir parcels reduces assessed value over seven years (2024–2030); staff said the first-year assessed-value reduction will be about $14 million and pledged a detailed fiscal analysis to the board.
The Carmel Central School District Board of Education heard a detailed explanation Sept. 9 about a tax certiorari settlement involving New York City-owned reservoir parcels that touch parts of the district.
John Fink, speaking for the district, said the dispute is a tax certiorari proceeding — a legal challenge to assessed value — that covers tax years back to 2017 and was resolved with a settlement that spreads reductions across seven years, 2024 through 2030,…
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