CVS contesting assessment

[sneakers77]

Mr. Downey explained that CVS has filed an Article 7, where they are contesting their assessment value .


Tax Year / Description Town of Property Location
2007 School Tax BOSTON 7182 State Rd
Swis / S-B-L Property Desc
142600 211.14-3-13.1
Property Class Dimensions
1 USE SM BLD 540.38f x 395.2d x 2.5ac
Tax Code % Market Value
251 100
Assessed Taxable Full Value
1,500,000 1,500,000 1,500,000
Homestead Star Savings True Tax
$0.00 $24,498.93
Bill No. Liber & Page
30578 11102, 5065
Bill Amount School
$24,498.93 HAMBURG CENTRAL
Tax Desc Tax Amount Unit Tax Rate
SCHOOL TAX 07-08 $24,498.93 1500000 16.33262
Amount Paid Tax Amount Interest Penalty Check Amount Cash Amount Date Paid
$24,498.93 $24,498.93 $0.00 $0.00 $24,498.93 $0.00 9/24/2007


Tax Year / Description Town of Property Location
2008 School Tax BOSTON 7182 State Rd
Swis / S-B-L Property Desc
142600 211.14-3-13.1
Property Class Dimensions
LARGE RETAIL 540.38f x 395.2d x 3.3ac
Tax Code % Market Value
251 100
Assessed Taxable Full Value
3,000,000 3,000,000 3,000,000
Homestead Star Savings
0
Bill No. Liber & Page
30578 11102, 5065
Bill Amount School
$50,891.85 HAMBURG CENTRAL
Tax Desc Tax Amount Unit Tax Rate
SCHOOL TAX 08-09 $50,891.85 3000000 16.963951
Amount Paid Tax Amount Interest Penalty Check Amount Cash Amount Date Paid
$50,891.85 $50,891.85 $0.00 $0.00 $50,891.85 $0.00 9/25/2008
PAID IN FULL



I can't understand how they can raise an assessment on a commercial property 100% in a one year span :confused:

No wonder they are contesting it..............

[WNYresident]

That really seems very unfair. I think $24,000 a year seems expensive. What services does CVS get for that money? If that CVS was opened up in lets say a more business friendly state what do you believe the property taxes would be?

[sneakers77]

That really seems very unfair. I think $24,000 a year seems expensive. What services does CVS get for that money? If that CVS was opened up in lets say a more business friendly state what do you believe the property taxes would be?

I'm guessing you think $50,000 is pretty high for 2008 then.

Those are school taxes. No services.

[WNYresident]

I'm guessing you think $50,000 is pretty high for 2008 then.

Those are school taxes. No services.

And then how much more do they pay on top of that for property taxes?

[sneakers77]

And then how much more do they pay on top of that for property taxes?

COUNTY TAX $0.00 1500000 0
LIBRARY PURPOSE $784.62 1500000 0.523081
NYS MANDATE MEDICAID $6,820.84 1500000 4.547226
GENERAL TOWN TAX $569.79 1500000 0.379863
HIGHWAY TAX $2,132.25 1500000 1.421502
26500 E.C.#3 BOSTON VALLEY $66.33 1500000 0.044218
26500 E.C.#3 BOSTON VALLEY $649.29 1500000 0.432863
26500 E.C.#3 BOSTON VALLEY $210.00 1 210
26501 E.C.#3 BOSTON VALLEY $199.50 399 0.5
26505 ECSD#3 BOST VLY USER $45.05 17 2.65
26019 FIRE PROTECTION $2,061.12 1500000 1.374082
26020 LIGHT $142.66 1500000 0.095109
26030 WATER #1 $302.31 1500000 0.201541
26030 WATER #1 $156.65 1500000 0.10443
26056 AMBULANCE $187.64 1500000 0.125096
26100 GARBAGE $182.00 1 182
Amount Paid Tax Amount Interest Penalty Check Amount Cash Amount Date Paid
$14,510.05 $14,510.05 $0.00 $0.00 $14,510.05 $0.00 2/25/2008
PAID IN FULL

[Surfing USA]

What services does CVS get for that money? They get educated kids, who, in turn, become educated consumers. Educated Consumers realize that CVS' pricing is high in comparison to their competition.

Bottom line: In the long run, CVS gets less business out of the deal.

[WNYresident]

so about 24500 + 14500 in operating taxes. $39,000 dollars a year in taxes.

Now if that building was in NC or at the "national" average for taxes what would that amount possibly be?

[Justbecuz]

Mr. Downey explained that CVS has filed an Article 7, where they are contesting their assessment value .


Tax Year / Description Town of Property Location
2007 School Tax BOSTON 7182 State Rd
Swis / S-B-L Property Desc
142600 211.14-3-13.1
Property Class Dimensions
1 USE SM BLD 540.38f x 395.2d x 2.5ac
Tax Code % Market Value
251 100
Assessed Taxable Full Value
1,500,000 1,500,000 1,500,000
Homestead Star Savings True Tax
$0.00 $24,498.93
Bill No. Liber & Page
30578 11102, 5065
Bill Amount School
$24,498.93 HAMBURG CENTRAL
Tax Desc Tax Amount Unit Tax Rate
SCHOOL TAX 07-08 $24,498.93 1500000 16.33262
Amount Paid Tax Amount Interest Penalty Check Amount Cash Amount Date Paid
$24,498.93 $24,498.93 $0.00 $0.00 $24,498.93 $0.00 9/24/2007


Tax Year / Description Town of Property Location
2008 School Tax BOSTON 7182 State Rd
Swis / S-B-L Property Desc
142600 211.14-3-13.1
Property Class Dimensions
LARGE RETAIL 540.38f x 395.2d x 3.3ac
Tax Code % Market Value
251 100
Assessed Taxable Full Value
3,000,000 3,000,000 3,000,000
Homestead Star Savings
0
Bill No. Liber & Page
30578 11102, 5065
Bill Amount School
$50,891.85 HAMBURG CENTRAL
Tax Desc Tax Amount Unit Tax Rate
SCHOOL TAX 08-09 $50,891.85 3000000 16.963951
Amount Paid Tax Amount Interest Penalty Check Amount Cash Amount Date Paid
$50,891.85 $50,891.85 $0.00 $0.00 $50,891.85 $0.00 9/25/2008
PAID IN FULL



I can't understand how they can raise an assessment on a commercial property 100% in a one year span :confused:

No wonder they are contesting it..............


I don't blame them. I think they should. But leave it to this Town, they'll drive them right out.

[Dougles]

so about 24500 + 14500 in operating taxes. $39,000 dollars a year in taxes.

Now if that building was in NC or at the "national" average for taxes what would that amount possibly be?


well let's see if they need to make an extra $40k assuming a 5% margin on products (after expences), they'd have to have $800,000 in EXTRA SALES! That's a lot of packs of gum!!

[WNYresident]

well let's see if they need to make an extra $40k assuming a 5% margin on products (after expences), they'd have to have $800,000 in EXTRA SALES! That's a lot of packs of gum!!

Think about it this way.

If they sell something worth 1 dollar. They have to sell 800,000 of them and make a nickle on each? Right? if you had a pile of 800,000 nickles that would amount to $40,000 bucks. Thats a lot of nickles.

Honestly I believe we are being so screwed on the value we get back on the taxes they force from us.

I do agree with goody.. It is the "government" (label it anything you want) against "the non-government" when it comes to money. They are not different than us "the non-government" people but they seem to believe it's ok to be shield from the economic downturn. All the non-government people salaries will go down but they are shielded from it. WHO came up with that ****?

[Save Us]

Think about it this way.

If they sell something worth 1 dollar. They have to sell 800,000 of them and make a nickle on each? Right? if you had a pile of 800,000 nickles that would amount to $40,000 bucks. Thats a lot of nickles.

Honestly I believe we are being so screwed on the value we get back on the taxes they force from us.

I do agree with goody.. It is the "government" (label it anything you want) against "the non-government" when it comes to money. They are not different than us "the non-government" people but they seem to believe it's ok to be shield from the economic downturn. All the non-government people salaries will go down but they are shielded from it. WHO came up with that ****?


Simply put the government is the enemy of free enterprise. It's only purpose is redistribution through employment and entitilement, period.
Yet there are those that defend this. Why, because they work for the machine at the expense of all of us.:mad: