Coventry votes for annual reassessment
COVENTRY – The Coventry Town Board voted unanimously to move to an annual property tax reassessment process at the governing body’s year-end meeting, held last night at the town hall.
According to Town Supervisor Janice O’Shea, the action will enable the town to qualify for up to $5 per parcel in state aid through the New York State Office of Real Property Services, as well as reduce residential assessments by between 3 to 5 percent on the town’s 2010 assessment roll.
“We are at 100 percent, so we should look to stay there rather than let things slide,” O’Shea said, explaining why the town had decided to reverse a previous decision to forego moving to an annual reassessment.
According to the supervisor, their decision was based on three options presented to them by NYORPS Regional Manager Jeff Bartholomew at the town’s regular monthly board meeting on Dec. 9. The first option was to maintain the status quo, maintaining current assessment values and not receiving state aid. The second, to sign the annual reassessment plan, which would enable them to receive up to $5 per parcel in aid. The third and final option was to both sign the plan and reduce residential assessments.
“We talked about it at length and decided to go with option three,” O’Shea reported.
The annual reassessment process offered through ORPS is a six-year plan, with actual physical reassessments only taking place every sixth year. In exchange for their commitment, the town will receive up to $5 per parcel from the state for maintaining assessments at 100 percent of market value.
“You can opt in and out at will,” O’Shea said. “There is no penalty to it.”
In addition, due to a downward trend in the local property market during 2008-09, which is the year the state uses to determine 2010 values, residential property owners will also see a reduction in their assessments as a result of the board’s action.
“There was room to stay at 100 percent (of market value) and reduce residential assessments by up to 5 percent,” O’Shea said.
The board initially voted to approve the plan following the Dec. 9 meeting, but finalized the action last night when Councilman Harvey Fletcher made a motion to adopt a resolution to that effect. Councilwoman Phyllis Lerwick seconded the motion, which was then approved unanimously by the board.
According to Town Supervisor Janice O’Shea, the action will enable the town to qualify for up to $5 per parcel in state aid through the New York State Office of Real Property Services, as well as reduce residential assessments by between 3 to 5 percent on the town’s 2010 assessment roll.
“We are at 100 percent, so we should look to stay there rather than let things slide,” O’Shea said, explaining why the town had decided to reverse a previous decision to forego moving to an annual reassessment.
According to the supervisor, their decision was based on three options presented to them by NYORPS Regional Manager Jeff Bartholomew at the town’s regular monthly board meeting on Dec. 9. The first option was to maintain the status quo, maintaining current assessment values and not receiving state aid. The second, to sign the annual reassessment plan, which would enable them to receive up to $5 per parcel in aid. The third and final option was to both sign the plan and reduce residential assessments.
“We talked about it at length and decided to go with option three,” O’Shea reported.
The annual reassessment process offered through ORPS is a six-year plan, with actual physical reassessments only taking place every sixth year. In exchange for their commitment, the town will receive up to $5 per parcel from the state for maintaining assessments at 100 percent of market value.
“You can opt in and out at will,” O’Shea said. “There is no penalty to it.”
In addition, due to a downward trend in the local property market during 2008-09, which is the year the state uses to determine 2010 values, residential property owners will also see a reduction in their assessments as a result of the board’s action.
“There was room to stay at 100 percent (of market value) and reduce residential assessments by up to 5 percent,” O’Shea said.
The board initially voted to approve the plan following the Dec. 9 meeting, but finalized the action last night when Councilman Harvey Fletcher made a motion to adopt a resolution to that effect. Councilwoman Phyllis Lerwick seconded the motion, which was then approved unanimously by the board.
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