Friday, March 24, 2017

Property Values



Each year a meeting is held at city hall to allow property owners to question the market value assigned to their property.  The meeting is called the Board of Appeal and Equalization.  This meeting is conducted by the County Assessor allowing the City Council to hear the appeals of property owners concerning the value assigned their property.  The meeting is designed to address property owner’s issues with value in an efficient, fair and objective manner.

The city council, with consultation with the County Assessor, discusses the methodology of assigning a value and the merits of the property owner’s appeal.  In preparation for this meeting at least one council member must complete training done by the Department of Revenue.  This training involves the basics of how properties are valued; the process is for considering any changes to value, and laws surrounding the Board’s ability to make a decision on value.  Currently three council members in Breezy Point have taken this training. 

Property owners whom have concerns with the value of their property can first address questions with the County Assessor.  This meeting provides the next avenue to address the concerns of value with the city council.  Decisions can then be appealed to the County Board for final disposition on values.  This meeting does not address taxes; rather it is to address the value of the properties as assigned by the county assessor. 

A notice will be sent to all property owners giving them information on this meeting.  The meeting has been established to be held on April 19th at 10:00 am in the Breezy Point City Hall.