He is the largest philanthropist in Rochester, just gave $12 million to the Special Olympics and is worth $1.6 billion.
But Rochester native and billionaire Tom Golisano is battling the town of Victor because he says he was over-assessed by $200,000 over four years on a 20-room mansion he built for his daughter in 2005.
It equates to .0125 percent of his fortune.
A hearing continues this morning in Ontario County Court, the Democrat and Chronicle reports.
Golisano has not been happy with New York’s high taxes over the years, to say the least. He moved to Florida in 2009 because he says he can save $5 million a year in property taxes.
The Irondequoit native is still active in Rochester, where the company he founded, Paychex Inc., is based. And in 2008, he doled out $5 million to help Democrats win the Senate majority — a move he later regretted.
But he doesn’t like his assessment on the Victor home he was finally able to unload in February.
Golisano claims the house with 36 acres has been over-assessed since it was built in 2005. Golisano now says it’s worth $1.3 million, the price when it was sold in February. The current town assessment is about $1.5 million.
The mansion has 12 bedrooms, eight full-sized bathrooms and three half-baths. There are three family rooms, two libraries, a caretaker’s or in-law’s apartment, a swimming pool with a cabana, a theater and a gym. The detached garage is big enough for nine cars.
The Paychex Inc. founder says the town owes him about $200,000 in property taxes he paid in the past four years, based on excessive assessments.
Golisano testified Thursday that it cost about $5 million to build the house. The 20,000-square-foot house on Malone Road was originally going to be for his daughter, Cynthia, and her family.