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Schenectady reassessing problem with property values

With deflated realty, old tax values are too high

Lyle's Hoagies at 1707 State St. was one of many Schenectady businesses to ask for an assessment reduction. In this case, that translated to a $16,794 refund.
Photographer: Marc Schultz
Lyle's Hoagies at 1707 State St. was one of many Schenectady businesses to ask for an assessment reduction. In this case, that translated to a $16,794 refund.
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So far this year, the city has given back more than $180,000 in taxes to property owners who said they were overcharged. They successfully argued that their property assessments, on which taxes are based, were too high. And indeed, the city has admitted most of its assessments are too high, but the thousands of property owners who never complained did not get a refund. The situation may lead to reassessment. Schenectady City Council members said ...


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comments

Hamelot
July 27, 2014
8:56 a.m.

[ Flag Post ]

Last reassessed in 2009 after the bottom fell out in 2008 and the values have dropped since then…very scary.

Tocker3law
July 27, 2014
10:14 p.m.

[ Flag Post ]

Its a tough situation ---Thing to do is cut the budget 50% across the board I mean really cut (except or infrastructure) Also take out the parking meters that deter economic growth.

SchenectadyScott
July 28, 2014
8:16 a.m.

[ Flag Post ]

No Tocker3law...the thing to do is a reassessment to make everyone pay what they are suppose to pay so it is a level playing field...not a tough situation at all...just do what is right and fair..not a long process....jut the numbers through a program and it is done. Enough of the BS and lying. Just do the right thing!!!

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