Town Board approves two tax certiorari settlements including one tied to a Plank Road property

The Town Board approved settlements resolving two tax-certiorari appeals at its May 27 workshop.

Town Attorney Mark C. Taylor presented a proposed consent order for Economy Inn covering tax years 2023–2025. Under the settlement the motel parcel (SBL 43-1-8) will see no reduction for 2023, a $55,425 assessed-value reduction for 2024 (from $272,000 to $216,575) and a $62,275 reduction for 2025 (from $272,000 to $209,725). The 2025 assessed value is set to hold for the 2026–2028 rolls under New York Real Property Tax Law §727, subject to statutory exceptions. Materials accompanying the proposal estimated the Town’s refund liability at approximately $1,853.27; the Newburgh School District’s share was listed as about $8,531.37 (with an additional library refund of about $279.84). The board approved the Economy Inn settlement by voice/roll call vote.

The board separately approved a settlement with RCG-Newburgh PM LLC for a commercial property at 82 North Plank Road (a two-unit commercial building, one unit occupied by Walgreens). The settlement reduces the 2025 assessed value from $1,129,500 to $845,028; the materials translate that assessed value to a fair market value of $4,884,555, which the documents say equals the purchase price paid in March 2025. The 2025 assessed value will hold for 2026–2028 under RPTL §727, subject to exceptions. The board approved that settlement as presented.

Both motions carried by recorded vote (3 yes; 1 absent). The minutes note that the School District’s attorney will also sign the Economy Inn Consent Order and Judgment.