{"id":45619,"date":"2022-07-14T06:57:56","date_gmt":"2022-07-14T10:57:56","guid":{"rendered":"https:\/\/www.wrfalp.com\/?p=45619"},"modified":"2022-07-14T06:57:56","modified_gmt":"2022-07-14T10:57:56","slug":"chautauqua-mall-owners-target-corporation-want-property-assessments-lowered","status":"publish","type":"post","link":"https:\/\/www.wrfalp.com\/chautauqua-mall-owners-target-corporation-want-property-assessments-lowered\/","title":{"rendered":"Chautauqua Mall Owners, Target Corporation Want Property Assessments Lowered"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?ssl=1\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"45621\" data-permalink=\"https:\/\/www.wrfalp.com\/chautauqua-mall-owners-target-corporation-want-property-assessments-lowered\/chautauqua-mall-target-assessment-7-13-22\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?fit=818%2C784&amp;ssl=1\" data-orig-size=\"818,784\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Chautauqua Mall-Target Assessment 7-13-22\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?fit=300%2C288&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?fit=818%2C784&amp;ssl=1\" class=\"alignright  wp-image-45621\" src=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?resize=376%2C360&#038;ssl=1\" alt=\"\" width=\"376\" height=\"360\" srcset=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?w=818&amp;ssl=1 818w, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?resize=300%2C288&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?resize=768%2C736&amp;ssl=1 768w\" sizes=\"(max-width: 376px) 100vw, 376px\" data-recalc-dims=\"1\" \/><\/a>The owners of <strong>Chautauqua Mall<\/strong> are suing again in <strong>Chautauqua County Supreme Court<\/strong> to have the assessment lowered on its property.<\/p>\n<p>The current total assessed value of 381 Fairmount Avenue is $9.26 million. <strong>Washington Prime Group<\/strong> attorneys argue that the assessed value should only be $827,500 with a full market value of $1 million.<\/p>\n<p>According to the Jamestown Post-Journal, this is now the fourth attempt by Washington Prime Group to reduce its taxable assessment in state Supreme Court, having previously filed in 2020, 2021, and updated a filing in March of this year.<\/p>\n<p>Washington Prime Group had emerged from a Chapter 11 bankruptcy last year following its CEO stepping down, completing the company\u2019s financial restructuring and the implementation of its plan of reorganization.<\/p>\n<p><strong>Target Corporation<\/strong> is also petitioning in Supreme Court to get the assessment lowered on the former <strong>Kmart<\/strong> store it purchased on Fairmount Avenue.<\/p>\n<p>The current assessed value is $3.4 million. Attorneys for Target are petitioning to reduce to assessment to $1.7 million, saying the assessed value of the property is higher than other similar properties.<\/p>\n<p>Target purchased the property at 975 Fairmount Avenue for $3.15 million in October 2021. The former Kmart in that location closed in October 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The owners of Chautauqua Mall are suing again in Chautauqua County Supreme Court to have the assessment lowered on its property. The current total assessed value of 381 Fairmount Avenue is $9.26 million. Washington Prime Group attorneys argue that the assessed value should only be $827,500 with a full market value of $1 million. According [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":45621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[8502,468,1369,11785,2273,2275,10461],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/07\/Chautauqua-Mall-Target-Assessment-7-13-22.png?fit=818%2C784&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3YlJ4-bRN","jetpack-related-posts":[{"id":39095,"url":"https:\/\/www.wrfalp.com\/ellicott-busti-being-sued-in-county-supreme-court-over-assessments\/","url_meta":{"origin":45619,"position":0},"title":"Ellicott, Busti Being Sued in County Supreme Court Over Assessments","author":"WRFA Radio","date":"July 15, 2021","format":false,"excerpt":"Comfort Inn owners, Jamestown Hotels LLC, are suing the Town of Ellicott after their assessment increased 900-percent on their property on North Main Street. 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The filing also says the property has been misclassified by the\u2026","rel":"","context":"In &quot;Local News&quot;","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/05\/lawsuit-legal-gavel-name-plate.jpg?fit=700%2C455&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/05\/lawsuit-legal-gavel-name-plate.jpg?fit=700%2C455&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/05\/lawsuit-legal-gavel-name-plate.jpg?fit=700%2C455&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/05\/lawsuit-legal-gavel-name-plate.jpg?fit=700%2C455&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":38574,"url":"https:\/\/www.wrfalp.com\/owner-of-chautauqua-mall-files-for-chapter-11-bankruptcy-protection\/","url_meta":{"origin":45619,"position":1},"title":"Owner of Chautauqua Mall Files for Chapter 11 Bankruptcy Protection","author":"WRFA Radio","date":"June 15, 2021","format":false,"excerpt":"The owner of Chautauqua Mall, Washington Prime Group, has filed for Chapter 11 bankruptcy protection. The company made the filing on Sunday after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across the United States and businesses were unable to pay its rent.\u2026","rel":"","context":"In &quot;Local News&quot;","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/06\/mall.jpg?fit=328%2C235&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":45659,"url":"https:\/\/www.wrfalp.com\/doubletree-hotel-owners-seeking-tax-assessment-reduction\/","url_meta":{"origin":45619,"position":2},"title":"Doubletree Hotel Owners Seeking Tax Assessment Reduction","author":"WRFA Radio","date":"July 15, 2022","format":false,"excerpt":"The Doubletree by Hilton hotel has filed in Chautauqua County Supreme Court to have its tax assessment lowered for its facility in downtown Jamestown. 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