LIPA Tax Challenge (Hempstead, Brookhaven, Huntington: home, buy, school district)

[lifetimeliguy]

Interesting article in today's Newsday about the tax challenge. It mentions that 70,000 town of Huntington taxpayers could be on the hook for $500 million in back taxes owed , which works out to over $7,000 per household if LIPA wins the challenge. For some reason all taxpayers in the town would be stuck although a very small percentage of them have benefited from a $2500 annual benefit now granted by LIPA.
Other residents in Brookhaven, North Hempstead and Hempstead towns would be liable for lesser amounts.
I read about this challenge years ago, now it seems LIPA is once again stepping it up.

[blernard]

This can end very very badly for people in certain areas. Take the Northport plant- people in Huntington will be on the hook, yes. But people actually in the school district itself can be clobbered.

This can really decimate property values. Who would buy a home knowing that they may out of nowhere owe $7,000 + have taxes go up by $3-4k per year.

I really hope for them it doesn't happen or a fair plan is put in place.

Here's the article: LIPA intensifies its campaign to reduce taxes on power plants | Newsday

[hotkarl]

Island Park would become a ghost town if this happens.