WATERBURY — The city government and the Naugatuck Valley Housing Development Corp. have settled a tax dispute concerning the assessment of the Brookside Housing Cooperatives on Fulkerson Drive.
The settlement was reached ahead of a scheduled hearing Wednesday on the tax assessment appeal in Waterbury Superior Court that the nonprofit Naugatuck Valley Development Corp. filed after the Board of Assessment Appeal upheld the contested $3,890,670 assessment in March 2023.
Mayor Paul K. Pernerewski Jr. said the city agreed to lower the assessment to $3,150,000 under the terms of the settlement that still must be formally approved by Judge John L. Cordani. The city made a fair offer to settle the tax assessment appeal without a trial and the Naugatuck Valley Housing Development Corp. accepted, said Robert S. Kolesnik, a Waterbury attorney for the nonprofit owner of Brookside Housing Cooperatives.
A coalition of churches, unions and citizen groups called the Naugatuck Valley Project established the Brookside Housing.