Diserio Martin O'Connor & Castiglioni LLP

DMOC Partners Richard E. Castiglioni and Jonathan J. Kelson Successfully Negotiate Substantial Tax Reduction for Owners of 400 Unit Recreational Condominium

March 15, 2013

Richard Castiglioni and Jonathan Kelson recently negotiated a substantial tax reduction in a tax appeal for a 400 unit recreational condominium located in Norwalk, Connecticut.  The settlement and stipulated judgment, dealing with four tax years, resulted in reductions in taxes due of 33% and 40% for the unit owners.  The aggregate settlement, resulting in tax credits for future taxes, was in excess of $1,000,000.  The stipulated judgment further established a methodology that should result in the same percentage reductions to future tax assessments as well.