Lindenhurst Village is paying out tax refunds to commercial property owners after successful challenges to the village’s property assessments.
So far this year, the village is on the hook for more than $48,000 in commercial property tax refunds for four properties. Recently the village approved two settlements: The McDonalds restaurant on East Montauk Highway and P & J Realty Llc, owners of a building on East Hoffman Avenue. McDonald’s challenged their $36,000 assessment and it was reduced to $27,000 with a tax refund of $9,577. The East Hoffman building was reduced from $39,465 to $16,000 and they received a $25,000 refund.
In April the village approved two other tax refunds: A property on East Hoffman Avenue owned by FMV Realty Corp. and a property on North Strong Avenue owned by North Strong Realty Corp. The East Hoffman property received a tax refund of $8,098 and the North Strong property received $5,500.
The village has budgeted $60,000 for tax refunds this year, said Village Clerk-Treasurer Shawn Cullinane. Last year there were no commercial tax refunds paid out. The village did pay out $786.55 in residential assessment challenges, Cullinane said, as well as $21,480 in a one-time special payout to homeowners impacted by superstorm Sandy.
Commercial assessment challenges come in waves, Cullinane said, and when they go through has much to do with the workload of the village’s part-time commercial assessor and court scheduling.
“Overall, we don’t get that many commercial cases,” Cullinane said in an email. For many commercial property owners, he said, the cost of hiring an attorney and fighting an assessment costs more than any potential tax refund and it ends up being “just not economically feasible for some to bother with.”