GREENBURGH, N.Y. -- The town of Greenburgh is near completion of a town-wide property revaluation, the first to be done in nearly 60 years, according Town Supervisor Paul Feiner and the Greenburgh Town Board. For residents, the reassessment may bring financial relief or an increased burden, depending on a variety of factors.
In the more than two year revaluation, all town properties have been reassessed to 100 percent of their current market value. During the process, Town Assessor Edye McCarthy attended over 50 public information meetings and has been on television, radio, and Town Board Meetings.
"I am hopeful that everyone is aware of this major undertaking for the Town of Greenburgh,' said Feiner. "We expect that everyone will now pay their fair share of the tax burden."
So what happens now, many wonder? According to Town Supervisor Paul Feiner, each property owner will receive a 'disclosure' notice in mid-March. This letter will show what your assessment and taxes were before the reassessment and what your assessment and projected taxes will be after the reassessment. Those satisfied with property's assessed value need do nothing further. If an owner is dissatisfied that their assessment is too high or too low, they are encouraged to contact Tyler Technologies -- whose contact information will be on the letter -- to discuss a fair value. Residents will have from receipt of the letter to the end of April to meet with our Tyler Technologies.
Those still dissatisfied have the right to file a formal assessment appeal with the Board of Assessment Review in June 2016. At this time, there is no charge for the informal meeting with Tyler Technologies, nor is there a charge to file a formal assessment complaint. Property owners can file the paperwork on your own, and there is no requirement to hire a representative, Feiner, said.
Additionally, the Town Board had rejected a 'homestead option', which is a tax policy option available to municipalities that have implement a reassessment, as Greenburgh has just done. The homestead creates two classes of taxpayers -- residential, and commercial properties and most condominiums and cooperatives. It also creates different tax rates for each of the classes.
Of the more than 1,000 jurisdictions in New York State that have reassessed properties only 48 have adopted homestead, according to Assessor McCarthy.
"The information supplied indicated that tax shifts between the residential and commercial class of properties was a very modest increase of approximately 2% in the aggregate," said Feiner. "However, if we were to adopt the homestead provision, the commercial properties would pay substantially more in property taxes along with over 60 percent of the condominium owners paying over 30 percent more of the aggregate tax burden."
Any other questions about the process are encouraged to contact Town Supervisor Feiner at firstname.lastname@example.org.