Property reassessment being considered

The City of Troy is considering a full reassessment of all properties within the city as a way of updating its tax base.

However, according to a staff member of the Assessor's Office with whom I spoke today, nothing has been decided about properties in the 12182 ZIP Code.

She suggested residents of the ZIP, which includes the Terrace, familiarize themselves with the issue and keep watching the newspapers for an announcement of any public informational hearings that specifically pertain to 12182.

Literature is available at Window 3 on the first floor of Troy City Hall that includes a presentation titled "Fair Assessments for Every Property Taxpayer" and a pamphlet titled "Reassessment Frequently Asked Questions."

You also can obtain information online from the state's Office of Real Property Services.

FYI, the state's Real Property Tax Law does not require assessments to be at 100% of market value. It does, however, establish a standard that assessments be fair at a uniform percentage of market value.

-- Bill Dowd