WPCNR QUILL & EYESHADE. August 1, 2005: The Common Council, in addition to voting on the Building Code Changes this evening, will quietly approve $215,691.25 in tax certiorari givebacks to the Brook Hills Condominiums I, II, and III covering the tax years 2001-2002 through 2005/2006. The certioraris reflect appoximately 20 to 25% reductions in assessments on the three properties, according to the Common Council "backup" material to the agenda.
The White Plains City School District will, (as usually happens when the city agrees to certiorari settlements), be refunding approximately $4 for every $1 the city pays back in taxes, which if this is the case, the school district will be repaying the owners of those condominiums possibly as much as $800,000. WPCNR will be checking with the school district to see what the district liability actually is.
The certiorari is the first certiorari the city has approved in three years involving the reduction of assessments in a condominium residential property. The property appears to be located in the city's posh southend of town off Rosedale Avenue.