Re-assessment 2011

We have all recently received the same unbelievable re-assessment notice.  I have spoken to our real estate counsel, Cronin & Cronin, who informed me that all of Southampton has been “hit” with this ridiculous assessment notice.  Mr. Cronin, who represents numerous condominiums, businesses and some residential properties in Southampton, was unsure as to whether there was a computer error since he has never seen such a radical jump in valuation in his career.  He has spoken to the tax assessor’s office that was so inundated with complaints and questions that they were launching an investigation into the matter.  Mr. Cronin will be in contact with them and with us.

Meantime, as has been the case for the past ten years, even before this notice, I have authorized a grievance in behalf of each unit, for the upcoming year. 

As we receive updates on this situation we will share it with you.

Respectfully,

Dr. Russo

Board of Managers