The City of Hudson recently settled a lawsuit with Holcim over its property tax assessment. Central to the settlement was an agreement about the fair market value of the 113 acres--14 on the waterfront, 99 in South Bay--Holcim owns in Hudson. It was agreed that $2.75 million was a fair assessment, but let's compare that amount with the selling prices of some properties in Hudson that have recently changed hands.
8 Willard Place--$625,000
529 Warren Street--$899,000
620 Union Street--$1,300,000
The prices of these three properties total $2,824,000--$74,000 more than the assessment on Holcim's 113 acres.
For what it's worth. COPYRIGHT 2014 CAROLE OSTERINK