https://buffalonews.com/2020/01/12/w...ts-going-down/
Confusing? You betcha, even to one well informed on the need for a timely reassessment process to level the playing field for municipal taxpayers and to comply with state requested property taxes based on 100% market value.
Property reassessments based on market value sale do not raise taxes, so we are told. We are told 1/3 of properties will realize a decrease in taxes, 1/3 remain the same and 1/3 can expect a tax increase. Now tell that 1/3 whose market value has increased significantly that the reassessment doesn’t increase their taxes. Yet if they have been underassessed they should have expected this.
Lancaster is in the process of conducting a property reassessment and the final role is scheduled to published mid-year. There will be some very unhappy campers.
In looking at the data provided, it is near impossible to make sense by how much county taxes will increase in Lancaster. One looks at the tax increase / tax decrease chart and sees the Lancaster’s county tax rate is increasing by 0.64% (5.178 to 5.81), which implies taxes on a property assessed at $100,000 will increase by $63. Seriously? A home assessed at $300,000 will pay $189 per year in county taxes and Poloncarz was touting tax decrease.
Poloncarz doesn’t understand the process, the State has a $6.2 billion deficit, Medicaid costs are out of control, 77,000 people left New York last year; we are so screwed - especially if Cuomo decides to ask counties to fork over more for Medicaid expenses and cuts back on school aid.
State Equalization Rate
2019 - 77.00
2018 - 88.00
2017 - 92.00
2016 - 95.00
2015 - 98.00
2014 - 100.00
2013 - 100.00
2012 - 100.00
2011 - 100.00
2010 - 100.00 (Last reassessment)