JOHNSTOWN - The Fulton County Board of Supervisors has authorized a $14,800 refund to Walmart for overpayment of taxes on its town of Johnstown store property this year.
The board authorized County Treasurer Terry Blodgett to issue the court-ordered refund for overpayment of taxes on the Walmart store on Fifth Avenue Extension, county Administrative Officer Jon Stead said Friday.
The board resolution stated state Supreme Court recently ordered the taxable amount be dropped from $82,794 to $67,994.
At a meeting last week, Gloversville 5th Ward Supervisor Michael Ponticello wanted to know if this type of refund is a "one-time instance" for county government.
"I don't recall this in recent history," answered Stead, who has been with the county since the early 1990s.
Stead said the amount reduced was the amount of taxes Walmart pays the county, not the assessment.
During a recent board Finance Committee meeting, Blodgett told supervisors the assessment on the store was reduced from about $5.5 million to $4.5 million.
Walmart attorneys had argued for a reduction in assessments and for a subsequent corresponding drop in property tax payments by the store to the county.
The Walmart Corp. will close the town of Johnstown store and open a new Walmart Supercenter in Gloversville in mid-August. The new 157,100-square-foot retail outlet is being constructed on property bordered by South Kingsboro Avenue Extension and Hales Mills Road.
During store groundbreaking, officials said Walmart expects to add 100 employees to the current 170 employees employed at the current store for a roughly 270-member work force at the new supercenter.
Michael Anich can be reached at email@example.com.