Vestal To Start Home Re-Assessments

By Jessica Light

July 22, 2010 Updated Jan 25, 2008 at 6:37 PM EST

The Town of Vestal will start re-assessing homes in the next few weeks.

It's been about 45 years since the Town assessed the true value of all of its properties.

Sharon Veruto is worried what reassessment will mean for her property taxes.

"We just put a 16 by 18 patio out there and enclosed it with a fence and then in the spring we're going to be putting a porch out front and if this is going to make it go up... Yeah I'm concerned," says Veruto.

John Babuka doesn't mind paying more.

"I'm pretty sure there's a lot of unequal assessments and its probably a good thing to do," says Babuka.

Vestal Town Supervisor Peter Andreasen says that's just the case.

"Some people have not been paying their fair share so they've been getting sort of a free ride, other people have been paying more so they've been paying part of the guy that got the free ride," says Andreasen.

The town also hopes reassessment will also clear up any confusion homeowners may have.

"We're essentially going from a fractional percentage of assessing and it will go to 100 percent or full market value. Its much easier for people to understand and calculate what their potential tax liability will be," says Town of Vestal Assessor Mark Minoia.

Maxwell Appraisal Services has already started collecting information about all properties in the Town of Vestal.

It sent out surveys to homeowners.

Half have come back.

The Supervisor wants to make sure everyone understands the process.

So he's set up public information meetings.

"Ask every question you've ever thought of. And lets hope we can give you the answers that might not make you happy but that will make you understand," says Andreasen.

Andreasen says no one knows what individual results will be until the entire process is complete Spring 2009.

As part of the process, Maxwell Appraisal Service will take pictures of the front and back of each house.

It is also interested in the style and dimensions of the house and property.

Appraisers won't necessarily need to come into the home.

Anyone with questions can attend informational meetings.

The first one is on Monday January 28th at Glenwood Elementary.

Then, January 30th at African Road Elementary.

February 6th at Clayton Avenue Elementary and on February 7th at Vestal Hills Elementary.

All of the meetings start at 7pm and will include a short presentation and then a question and answer session.

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