Since reporting about the resolution that has been added to the agenda for tonight's special Common Council meeting, Gossips has learned more about Galvan's Article 7 proceeding against the City of Hudson. It involves ten properties whose assessments Galvan is challenging--seven belonging to Galvan Initiatives Foundation, one owned by Galvan Partners LLC, and two belonging to Hudson Collective Realty LLC. In the list of properties below, the first number is the final assessed value determined by the city assessor, and the second is what Galvan claims the assessment should be.
- 223 Union Street: $430,000 vs. $326,000
- 213 Union Street: $385,000 vs. $312,000
- 449 Prospect Street: $280,000 vs. $181,760
- 105 Union Street: $275,000 vs. $191,700 (According to Zillow, this house was sold in November 2024 for $740,000.)
- 354 Warren Street (Johnny's Ideal): $390,000 vs. $279,030 (According to the tax rolls, Galvan purchased this building in 2019 for $730,000.)
- 28 Allen Street: $325,000 vs. $159,750
- 30 Allen Street: $639,000 vs. $159,750 (According to Redfin, this house was sold in August 2024 for $950,000.)
- 250-252 Allen Street: $275,000 vs. $67,450 (According to Zillow, this house was sold in August 2024 for $740,000.)
- 70-72 North Fifth Street: $290,000 vs. $128,510
- 92 Union Turnpike: $610,000 vs. $443,700 (According to the tax rolls, Galvan purchased this building in 2019 for $650,000.)
The special meeting of the Common Council takes place at 6:00 p.m. today. The meeting is a hybrid, taking place in person at City Hall and on Microsoft Teams. Click here for the link to join the meeting remotely.
COPYRIGHT 2025 CAROLE OSTERINK
Three things:
ReplyDelete1. What a shit neighbor Galvan is.
2. Clearly a full city reval is long overdue -- $275k assessed v. $740k arms length sale? No wonder our property taxes are so out of whack.
3. Why bother litigating the Art. 7 when you can simply not pay the taxes and rely on the current administration to not chase after you -- they don't chase anyone.
The houses that were sold had extensive renovations done, and the estimate was obviously done before the renovations were completed. I wonder how an appraisal done now, after the renovations are complete, can validate an assessment done before the renovations were done? Maybe the appraisal being authorized is only for a few of the buildings.
DeleteThe assessor’s initial valuation was already way below current market value. Some of us should be so lucky. If it goes all the way to court it would be justice served to have the judge raise it even higher. Yes, a citywide revaluation is badly needed.
ReplyDelete