April 22, 2010
Belesi and Mangano Reform Broken Assessment System
Legislator Joseph V. Belesi recently joined with County Executive Ed Mangano to announce an overhall to the property tax assessment system. Both Belesi and Mangano fulfilled promises to reform the previous system, which cost the County $100-250 million annually.
“It’s encouraging to see the new administration take swift action and fix a system that had been broken for far too long,” said Belesi. “The previous system cost this County tens of millions of dollars, which is simply unacceptable.”
The plan for the new tax assessment system freezes property assessments for four years. However, homeowners can still grieve their assessments yearly to take advantage of reductions and account for improvements. The new system will bring predictability and stability to household taxes, and allow the county to reduce its debt from household assessments.