The town of Saugerties has increased assessed values in the 2018 assessment roll, town officials said last week.
“The Town of Saugerties has been committed to maintaining assessments at 100 percent of market value since completely reassessing properties in 2010,” town assessor Frank Orlando stated in a release Tuesday.
To do this, the office compares what properties sell for to what they’re assessed at and adjusts upward or downward, depending on what the market does. “Due to these trends, assessed values were decreased in 2011, 2012, and 2013; no adjustments were made in 2014 and 2015; and there was a partial increase in 2016 and 2017,” Orlando stated.
For 2018, stated Orlando, the adjustment was again upward for some categories of real estate. Assessments of residential properties valued between $150,000 and $200,000 went up 2 percent. Assessments of residential properties valued greater than $200,000, as well as all apartments, went up 6 percent. Properties within the village’s commercial business district had their assessed value increased 10 percent.
“On May 22 [the Board of Assessment Review] will be in the senior center and anyone can present a grievance in person or in writing and it will be considered,” said town supervisor Fred Costello Jr.