Home Depot files suit over assessment on store
AMSTERDAM – Home Depot has filed a lawsuit against the town to lower the assessment on its Route 30 store by $350,000.
The suit, filed July 18 in Montgomery County in the name of HD Development of Maryland, also names the town’s Board of Assessment and/or assessor.
The current assessment on the property is $750,000. Home Depot is seeking to lower the assessment to $400,000.
The suit says the assessment on the property is excessive because it is greater than the fair market value.
“The assessment is unequal in that it has been made at a higher proportionate valuation than the assessments of other real property on the said assessment rolls of the town of Amsterdam made by the same officers for the tax year 2014/15,” the suit states.
The complaint alleges the town included within the assessment non-assessable or non-real property items.
Attorneys for Home Depot and town Supervisor Tom DiMezza could not be reached for comment.