P-J file photo The front of the Chautauqua Mall is pictured.

LAKEWOOD – The Chautauqua Mall is, again, challenging its tax assessment.

On Friday, Chautauqua Mall Realty Holding LLC filed an Article 7 filing in the state Supreme Court in Mayville asking the court to review the assessment of the three parcels that make up the Chautauqua Mall property – two located at 318 Fairmount Ave. and one at 300 Fairmount Ave. Friday’s filing is similar to one filed July 2, 2025, in which the mall’s attorneys requested a decrease from the proposed $7.825 million for the three parcels that make up the entire mall property to $800,000. The properties’ value hadn’t increased from 2025 to 2026.

In 2023, state Supreme Court Justice Grace Hanlon ruled that the mall’s property assessment should be reduced from $6 million to $4,020,000 through 2026, with the properties’ fair market value decreasing from $8,955,200 to $6 million. At the time, she wrote that if the town goes through a property reassessment the mall’s property value will use a $6 million fair market value multiplied by the new town equalization rate for the year the revaluation happens.

The 2025 assessment challenge by Chautauqua Mall Realty Holding LLC has yet to be decided.

Court records show that in 2020 the mall’s assessment was $9,260,000, and that amount was reduced to $5,772,000. In 2021 the assessment was $9,260,000, and it was reduced to $5,592,000, and in 2022 the assessment was $9,260,000, and it has been reduced to $4,965,000. The 2023 tax assessment from the Busti tax assessor was $6 million — an amount mall officials said was too high even though the mall was purchased for $6 million in September 2022.

Over the past few months several outbuildings have opened near the mall, including Chipotle and Popeye’s. The land the restaurants occupy was sold by Chautauqua Mall Realty Holding, LLC of New York, NY to Quattro Chautauqua LLC of Rochester for $750,000.