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CNB challenges assessments on E-town, Westport, Willsboro banks

The Elizabethtown Champlain National Bank branch is one of three that the company is challenging the assessed value of.

The Elizabethtown Champlain National Bank branch is one of three that the company is challenging the assessed value of. Photo by Katherine Clark.

— “I’m shocked that they are bringing an Article 7 against the town of Willsboro,” Willsboro Supervisor Ed Hatch said. “The town board (met Aug. 8) and will discuss it and make our plans on how to address it. We have to remember that it affects the school and fire budget as well as the town and county budgets.”

Overall, the three properties totaled $1,982,00 in assessed value to be used on the town, school and county tax levy. After Grievance Day, that assessment decreased to $1,705,000. Under the lawsuit, CNB seeks a further reduction to $1,459,000.

Cooper said that the matter is now in the hands of company attorneys, but left the door open to a settlement.

“If we can come up with a deal that we think is appropriate before court proceedings start, then we will settle,” Cooper said.

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