The Town of Hamburg will pay nearly $40,000 in the settlement of an assessment case filed by Legion Associates, owners of the Quality Markets
The assessment challenge filed in State Supreme Court had covered town assessments for the property from 1989 through 1997.
The complaints for the years 1989, 1990, 1991 and 1992 were dismissed. The town, Hamburg Central School District and Legion Associates agreed to settle the litigation by setting an assessed value of approximately $5.3 million for each of the
Legion Associates was seeking a reduction in assessment from $5,946,400 to $3.5 million.
Supervisor Patrick H. Hoak said the town's share of the tax refund is about $39,500.
The Hamburg School Board approved the settlement in June. The district's share of refund is between $70,000 and $80,000.
The Town Board approved the settlement for the property on South Park Avenue at its meeting Monday night.