Property Reassessments

Towns conduct reassessments this year, will impact tax bills

Many property owners in the towns of Ogden and Parma and portions of Gates experienced reassessments this year, and the average re-valuations increased anywhere from 5 to 15 percent.

School districts control one portion of your bill related to school taxes, which presents challenges when communicating a “no increase to the tax rate,” and a homeowner says “Yes, but my taxes are higher.” Both are correct.

The school line item may indeed reflect no increase, but there are local and state taxes that also impact a tax bill. To complicate matters further, any increase in reassessment will affect tax bills.

Three members of our Budget Focus Group agreed to share their reassessment property values to use as examples for 2018-19.

House 1
Green Monopoly House


Value Before Reassessment
$107,500.00
Tax Bill
 $2,615.47
Increase in Assessment (9.95%)
 $10,700.00
Value After Reassessment
 $118,200.00
Tax Bill
 $2,875.80
   
0% change to the school tax rate will still be an increase Annually:$260.33
Monthly: $21.70
   
House 2
Purple Monopoly House



Value Before Reassessment   $215,000.00
Tax Bill  $5,230.95
Increase in Assessment (13.95%)
 $30,000.00
Value After Reassessment  $245,000.00
Tax Bill  $5,960.85
   
0% change to the school tax rate will still be an increase  Annually: $729.90
Monthly: $60.82


House 3
Pink Monopoly House




Value Before Reassessment
 
 $245,000.00
Tax Bill  $5,960.85.00
Increase in Assessment (5.3%)  $13,000.00
Value After Reassessment  $258.000.00
Tax Bill  $6,277.14
   
0% change to the school tax rate will still be an increase  Annually: $316.29
Monthly: $26.36

The above assessments are real. The actual tax rate will be set by the Board of Education in the summer.




‚Äč