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WPCNR QUILL & EYESHADE. By John F. Bailey. March 1, 2007: The City Assessment Roll for 2007 was released this morning by the Acting City Assessor, Lloyd Tasch. The Roll has declined $6.2 Million ( 2% ) from the 2006 figures ($296,154, 564) to $289,902,411. It is the fifth consecutive year the city tax assessnent roll has eroded, despite growth in real market value of all real estate. Impact on the city budget is not as significant as it impacts the school district.

Ta Da! The City Tax Roll 2007. Photo, WPCNR News
The average
The impact on the city taxes is too early to tell, according to Paul Wood, City Executive Officer. He said that it could mean a tax increase unless the decline in revenue was matched by what he called “additional revenues.” More than ever the $16.5 Million in revenue anticipated by the city from a “done” deal with LCOR — not yet approved by the Common Council – is looking very attractive to shore up the city 2007-2008 budget.
A principal of LCOR was reported by the Westchester County Business Journal this week to have confirmed to reporter Alex Philippidis that LCOR is going to build additional rental housing on the Bank Street Commuter Parking Lot.
Fred Seiler, Assistant Superintendent for Business of the White Plains City School District said the $6.3 Million decline in assessments could mean a flat 2% increase in the school tax levy, (currently projected as 7.67%), bringing the school tax levy up to just shy of 10% (9.67%), barring additional school budget cuts.
The settlement of the Travelers Casualty and Surety Company law suit for $2.8 Million included in this year’s budget, (scheduled to be approved tonight) has taken away the expected 2007-2008 surplus, complicating the school budget financial picture which up until Monday evening had been counting on the surplus.

The 2006 Tax Roll. Showing decline from the 2007 Tax Roll Above.
Photo, WPCNR News
Seiler said the school district had not received the income projection for city PILOTS yet from the city, which, he said may offset the real income loss from the assessments. Last year increases in school PILOT revenue amounting to approximately $1.5 Million were created by taxing variable PILOTS at the new current tax rate. If the city chose to increase PILOT payments this year, (the figure has not been made clear to the district yet, Seiler said) the loss of $6.3 in assessments may also be softened.
The City tax rate is $132.64 per $1,000 of assessed valuation. The $6.2 Million decline in assessments means the city in order to maintain the $39.3 Million tax levy this year must increase the 2007-2008 City Tax Rate from $132.64 to $135.50 in addition to any other budget increases the city foresees.
With the school tax, the impact is more. The School Tax Levy in 2006-2007 is $113,374,179. After computing the STAR exemption, (reducing the total school district assessables to $249,233,054), the district must increase the tax rate of $443.77 per $1,000 $12 of assessed valuation to $454.89 per thousand dollars of accessed valuation.
This results in a tax increase to the average $700,000 White Plains homeowner of $208.50 before the budget even pays for the $8.7 Million budget increase contemplated as of last Monday.
To recoup the $8.7 Million budget increase for 2007-2008 ($174.5M over $165.8 Million this year) , the district will need to increase the tax rate more depending on other revenues. School Aid is up slightly, and depending on the PILOTS and further budget cuts, the increase in the levy may be softened below the 10% level.
On the present preliminary school budget, the district is projecting a 5.1% budget increase, but have not projected revenues yet, because they have been waiting on the 2007 Tax Roll.
City Assessments Plunge Fifth Year in Row,
$15 Million in three years.
Based on tables in the White Plains City Budget, in the last five years the City Tax Roll has declined $28.7 Million, $6.3 Million in each of the last two years.
It is down from $304,681,000 in 2004-2005 to $289,902,411 as of March 1, 2007 – that is $14,778,589 in assessed value in three years, and $28.9 Million down in 4 years.
This erosion in assessments has benefited commercial property owners at the expense of residential owners.
In 1998 when the Delfino Administration came into office, the total assessed valuation in the city was $323,734,626 and in nine years it has sunk to $289,902,411. From 2000 to 2003 it floated steady but since 2003 it has plunged from $318,804,180 to today’s $289,902,411 level.
The Assessment Erosion Kills the Homeowner.
Assessed value of residential property has risen slightly from $163,208,111 in 1998 to $168,194,563 in 2006. Meanwhile, commercial assessed valuation has tanked, plunging from $174,108,743 in 1998 to a low of $134,061,636 in 2006 placing the burden of paying for the running of the city on the homeowner.
Going back to 1990, residential dwellings were assessed at $163.2 Million going up only $5 Million in sixteen years – reflective of how happy White Plainsians are living in
However, the devaluation of commercial property in White Plains dates back to 1990 when commercial property then was assessed at $271,559,823 making the decline over sixteen years more dramatic – from $271 Million commercial assessables in 1990 to $134,061,636 in 2006 – a decline of roughly 50%.
Commercial property owners are reaping the benefits.
The Delfino Dollar Years
Meanwhile market value of all property in
In 1990, total market value of property in











