For the second year, only a few towns in Onondaga County have dared to increase assessed property values to match market rates.
Assessors in Syracuse’s suburbs have published new tentative assessed values that will determine the share of property taxes residents will pay this year to schools, towns, villages and county government.
As home prices have soared, assessors in most towns have decided to give up on annual reassessments.
Across the county, only 22% of residential assessments increased this year. Most of those homeowners are in the towns of DeWitt and Manlius, records show.
The towns of Elbridge, Spafford and Tully also adjusted assessed values this year.
Nearly 80% of assessed values in the county’s suburbs remain the same as 2023 even though home values are clearly rising.
Ideally, each property should be assessed every year at 100% of its market value, according to the state tax department. That’s the best way to ensure that owners of different types of property pay their fair share of taxes. Towns that don’t keep up with market rates risk inequity. The owners of homes with increasing market values are charged less than a fair share of property taxes, pushing the burden onto homeowners whose properties decrease in value.
A higher assessment does not automatically mean a higher tax bill. That depends on how many other homes were reassessed and whether the county, towns, villages and schools increase spending.
Residents who disagree with their tentative 2024 assessments can make a case before the Board of Assessment Review at each town’s Grievance Day. Most towns hold hearings the last week of May or first week of June. Most towns also allow appeals to be submitted in writing.
In Manlius, homeowners can submit an appeal on paper by 8 p.m. May 28 or appear in person at hearings scheduled from 9 a.m. to noon, from 1:30 p.m. to 4:30 p.m. or from 6 p.m. to 8 p.m. May 28.
In DeWitt, appeals in writing are also due by 8 p.m. May 28. The town does not list hearing times on its website.
>>>If your assessment is unfair, here’s how to fight it
Look up more than 100,000 assessments
Syracuse.com pulled assessment records from the Onondaga County Office of Real Property Tax Services into a searchable database.
In the search below, homeowners can compare tentative assessed values on about 113,000 residential properties in the towns surrounding Syracuse. The city of Syracuse is on a different schedule. Syracuse publishes new assessment values each January.
Contact Michelle Breidenbach | mbreidenbach@syracuse.com | 315-470-3186.
This article was originally published by a www.syracuse.com . Read the Original article here. .