BILL ON TAXING NEW YORK STATE NEW CONDOS AT FULL ASSESSED VALUE BUILT AFTER JAN 1,2023 AWAITS GOVERNOR HOCHUL’S SIGNATURE. WILL AFFECT ALL TOWNS, CITIES IN STATE AND INCREASE HOPEFULLY PROPERTY TAX REVENUES IN WESTCHESTER & ACROSS THE STATE.


WPCNR REALTY REALITY. Special to WPCNR from Paul Feiner, Greenburgh Town Supervisor. June 4, 2022:

Late  this  week the New York State Senate and New York State Assembly approved legislation sponsored by Senator Andrea Stewart Cousins and Assemblyman Tom Abinanti that will generate additional revenue for Greenburgh, towns, cities and villages throughout NYS  and help us  and municipal governments with our economic development initiatives.

The Greenburgh Town Board has been pushing for years authorizing a Greenburgh only and a state-wide bill that will assess condos and coops built after January 1, 2023 their full assessed value.  The legislation now awaits the signature of Governor Kathy Hochul.  The Assessors Association has been trying to get this legislation approved for decades. 

The legislation that was approved will not impact existing condos or coops. They will continue to be assessed at the commercial values–which is less than single family homes are assessed. The new law only impacts new construction.

The Greenburgh Town Board had a special meeting on Tuesday and voted to support the home rule Greenburgh only legislation. We did not think the state wide bill would be approved –it was a last minute surprise.  Voting in favor of the resolution: Councilmembers Francis Sheehan, Gina Jackson, Ken Jones and myself. Councilwoman Ellen Hendrickx abstained.

Members of the Town Board who voted yes feel that the legislation will help us maximize the taxes we get on mixed use development and on future developments in the future.  For example, if a developer wants to build mixed use housing at the Four Corners in Hartsdale, on Central Ave — the new developments will be assessed and taxed  at residential dollars. A state wide law is better than only a Greenburgh law because all new condos and coops in the state will be treated  the same manner.  We have lots of potential land use development in our town so this law is very helpful.

The Town Board has committed to only approve single family homes at the former Elmwood development and previously indicated that we will not support townhouses (condos) at that site. 113 single family homes will be authorized at that location.

(Editor’s Note: The Governor has not yet signed the bill.)

PAUL FEINER

Greenburgh Town Supervisor

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GREENBURGH ISSUING NEW FULL ASSESSED VALUE AFTER YEAR OF RISING REAL ESTATE COSTS. (REAL ESTATE PRICES UP 8%)

WPCNR THE LETTER TICKER. JUNE 4, 2022:

Residents of the town have started to receive their assessment letters from the Assessors office.

EVery year the Assessor sends out letters to all property owners highlighting the value of their property. Taxes are now based on property values. I asked Edye McCarthy to summarize her findings. The following is her report.  Some key points: You can challenge the value by filing a grievance. That MUST BE DONE BY June 21st. Second– if your increase was less than 8% there should not be any  significant  impact on your taxes since most properties saw an increase in value of 8%.  The phone of the Assessors office is 914-989-1520.

In 2016 the Town of Greenburgh underwent an important and much needed reassessment project. All properties were assessed at 100% of full market value. It is the goal of the Town to maintain its original investment in the 2016 project by continuing to maintain accurate property assessments at 100% of full market value. Accurate property assessments ensure property owners are apportioned their fair share of the property tax levy.

As planned, the Town just completed its annual assessment process for the 2022 assessment roll. Changes in assessments reflect market value shifts and/or physical changes due to a change in property inventory data. Property owners are asked to focus on their 2022 assessed value to determine whether this value reflects what is believed to be the current full market value of the property as of the applicable July 1, 2021 Valuation Date. We encourage you to visit the Assessor’s page on our website to view property information.

All property owners will be receiving in the mail New York State Official Change of Assessment Notice(s) for their property(ies). A change in your property’s assessment does not necessarily indicate that your taxes will change. Your tax liability will be affected by several factors, including: changes to school/county/municipal budgets, changes to assessments of other properties, changes to exemptions applicable to your property and other properties, and apportionment of school and county taxes among multiple municipal segments.

In fact, on average, most properties in the Town of Greenburgh saw an 8% increase in assessed value. If the increase in your assessed value is at or around 8%, the proportion of your tax burden will likely not change significantly, nor will your annual tax bill.

However, if you disagree with your full market value estimate, you are entitled to challenge your assessment through the Board of Assessment Review from June 1 through June 21st, 2022. Grievance applications (form RP-524) are available on our website at

https://www.greenburghny.com/171/Challenging-Your-Assessment  or by calling our office.

Our office is open from 9 AM until 5 PM Monday through Friday, you can either send your Grievance in via USPS or deliver to the office.  All petitions MUST be received on or before June 21 at 9PM. Please contact us directly at 914-989-1520 if you require more information regarding your 2022 tentative assessment.

YOU DO NOT HAVE TO RETAIN THE SERVICES OF A TAX REPRESENTATIVE.  This is a simple process, with instructions on our website. If you choose to hire a representative, please read the contract very closely!!!!!

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THE WHITE PLAINS WEEK JUNE 3 REPORT COUNTYWIDE ON WWW.WPCOMMUNITYMEDIA.ORG

JOHN BAILEY AND THE NEWS EVERY WEEK ON WHITE PLAINS WEEK FOR 22 YEARS—-TONIGHT:
THE MEMORIAL DAY CEREMONY IN WHITE PLAINS NEW YORK USA
PLAYLAND PLAYING CATCH UP BALL — 6 DAYS TO OPENING
FASNY AND THE CITY AND GEDNEY ASSOCIATION GO TO COURT FOR THE LAST TIME — BUT YOU NEVER KNOW
COVID TAKES A HOLIDAY
TESTING LOWERS AND NEW CASES LOWER THEN RISE WITHIN TWO DAYS
EXPLODING THE MYTH OF THE 7-DAY POSITIVE RATE PER 100,000 POPULATION “METRIC”
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