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URT tax settlement could cost Riverhead taxpayers $1.27M
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URT tax settlement could cost Riverhead taxpayers $1.27M
Court documents filed Tuesday show Riverhead officials agreed to reduce United Riverhead Terminal’s property tax assessments by more than $6.66 million over seven tax years, a settlement that could cost taxpayers an estimated $1.27 million for the tax years already billed. The stipulations of settlement and proposed orders were filed in Suffolk County Supreme Court on Aug. 18 in multiple tax… Source
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