Gas station property awarded tax judgement

The City Council last week approved more than $9,000 in credits for overpayment of taxes to a St. Georges Avenue gas station, as a result of a judgement in tax court. The governing body on July 8 approved AR-149-13, which awarded a credit for the 2011 and 2012 tax years to Lukoil North America at 490 St. Georges Ave., (Block 15, Lot 1).

Credits for overpayment of taxes
* 2011, $3,574.30 (~16 percent)
* 2012, $5,578.16 (~24 percent)
Total, $9,152.46 (~20 percent)

The 0.4-acre property at the corner of West Inman Avenue is assessed at $394,500 and paid about $23,043 in property taxes last year, so the credits represent an approximately 16-percent credit on its 2011 taxes and a 24-percent credit on the 2012 tax bill; or an average 20 percent over two years.

The city had a record number of tax appeals filed and won last year, which affected the municipal budget by an estimated $25 for the average home’s tax bill.

Facebook Comments

Leave a Reply