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Press Release: Supervisor Hoehmann Announces Historic Property Tax Cut

Press Release: Supervisor Hoehmann Announces Historic Property Tax Cut
Posted on 11/02/2016

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Press Release: Supervisor Hoehmann Announces Historic Property Tax Cut 

For Immediate Release
November 2, 2016

Supervisor Hoehmann Announces Historic Property Tax Cut

Residential Homeowners to Realize Nearly 2% Reduction in Much Need Property Tax Relief

 

(New City) – Supervisor George Hoehmann today announced that the proposed 2017 Clarkstown Town Budget will pass along savings to homeowners who will see a roughly 2% reduction in their property tax levy.  Commercial property tax levies will also be reduced.

“From day one, I have promised the people of Clarkstown that I would control and reduce government spending; and because of those efforts homeowners will see immediate benefits with the largest property tax decrease in recent history,” Supervisor Hoehmann said.  “I am proud of my Administration’s ability to bring necessary relief to our taxpayers---and we’re not done yet.”

The 2017 Property Tax cut is based on the median assessed home values and the first property tax cut since 2011, when the town reduced property taxes by a nominal 0.04%.  The 2017 Property Tax cut is the largest in over 30 years and each hamlet, as well as commercial properties, will see a reduction.

The 2017 Budget hearing will be held on November 9, 2017 at Town Hall.

A breakdown of the property tax cut by hamlet:

RESIDENTIAL:

 

Residential

Residential

Residential

Hamlet

Median Assessment

Market Value

Proposed Tax Decrease

Congers

122,000

366,917

-1.8%

Nanuet

113,000

339,850

-1.8%

New City

135,000

406,015

-1.8%

Valley Cottage

122,000

366,917

-1.8%

West Nyack

130,000

390,977

-1.8%


COMMERCIAL:

 

Commercial

Commercial

Commercial

Hamlet

Median Assessment

Market Value

Proposed Tax Decrease

Congers

250,000

751,880

-1.4%

Nanuet

250,000

751,880

-1.4%

New City

250,000

751,880

-1.4%

Valley Cottage

250,000

751,880

-1.4%

West Nyack

250,000

751,880

-1.4%