Owner of Home Depot property in town of Ulster seeks 37% assessment reduction

Daily Freeman-1 year before

Town Supervisor James Quigley said the request from Florida Samas Venture Inc. would be for at least the past two years.

The Home Depot building, constructed in 1998, measures 115,834 square feet and stands on an 11.7-acre property at 100 Massa Drive, off Ulster Avenue.

Quigley said the assessment challenge filed by Florida Samas is one of many being sought by the owners of Ulster properties where commercial enterprises stand.

“TechCity, Ulster Business Complex, 701 Grant Avenue, everything in the Walmart plaza, Target,” Quigley said, naming a few that are seek...ng assessment reductions, which could result in less property tax revenue for the town. “I must have ... $70 million at risk."

The supervisor said he has "about 12 [such requests] ... on my desk right now because the statutory period for filing was the end of July. And since I don’t have an assessor ... I’m dealing with the all.”

The town of Ulster also continues to fight assessment challenges filed by the owner of the TechCity business park (formerly the IBM-Kingston plant). Those challenges involve two parcels on the sprawling property, including one that's under foreclosure by Ulster County due to unpaid taxes.

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