LECOM Denied Tax Exemption for Senior Facilities Including Parkside at North East

The Erie County Board of Tax Assessment Appeals has denied LECOM’s request for tax exempt status for three senior living facilities, including Parkside at North East. It was surprising to many when the request was initially made and little evidence was presented by LECOM to bolster their case.

The tax revenue figures for Parkside at North East, assessed at $3.4 million, are $15,950 to North East, $45,567 to its school district and $16,554 to the county.

The decision in this case is not surprising. Property owners throughout the borough are taxed to support services provided to the entire community, an exemption for Parkside would have been a financial loss not easily replaced.

Reported by the Erie Times News

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