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Village approves $10,000 refund and assessed-value cut in 511 Fulton Street tax settlement
Summary
The Board approved a tax-certiorari settlement for 511 Fulton Street (Omega Gas Station), authorizing a $10,000 refund and reducing assessed value to $600,000 for tax years through 2024/25; conditionally no Article 7 proceedings if assessment holds 2025/26–2027/28.
The Board approved a tax-certiorari settlement concerning 511 Fulton Street Holding Corporation (Omega Gas Station). The resolution (RESOLVED #2025-03-20) authorizes a refund of $10,000 and reduces the premises’ assessed value to $600,000 for tax years 2018/19 through 2024/25. Trustee Cheryl Parisi moved the resolution; Trustee Craig Rosasco seconded it.
The minutes also record a conditional statement: if the assessment remains at the reduced value for tax years 2025/26 through 2027/28, the Village will not file Article 7 proceedings. The minutes do not provide the petitioner’s representative comments or a vote tally.
