Politics & Government
Boston Store Sues City Over Tax Assessment
Company claims property in Brookfield Square Mall is being unfairly taxed by the City of Brookfield.
Bonstores Realty One, which owns Boston Store in Brookfield, is suing the City of Brookfield, claiming the city is assessing the property $8 million beyond its worth.
The 2012 assessment was $23.6 million but the fair market value is worth $15.7 million, according to a lawsuit filed Monday in Waukesha County Circuit Court.
The company fought the assessment but it was upheld by the Board of Review.
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The company is claiming it has paid $131,140.83 in excessive taxes to the city because of the assessment. Bonstores Realty One is seeking repayment of the taxes, as well as a change in assessment.
It’s the fourth year that Boston Store’s assessment has been fought. Lawsuits filed by the company in 2010 and 2012 are still pending in Waukesha County Circuit Court.
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