Press-Republican

Local News

June 29, 2013

Your Town: Bombay Property owners to verify data for revaluation

BOMBAY — Town property owners will soon receive information to verify about their property as Bombay’s first-ever revaluation continues.

Some of the land in Bombay is involved in a dispute about whether it is part of the St. Regis Mohawk Indian Reservation and, therefore, tax exempt.

Assessor Dave Rotman did a preliminary review of all 898 parcels in town and is checking each one for accuracy.

The property-inventory mailers will be sent out in July and August.

He will send his findings to owners for their verification and changes within the next few weeks, according to Town Council meeting minutes.

Once the owners recheck and verify the data, the assessments will be tallied based on State Real Property Tax Service formulas and Rotman’s onsite findings.

Owners will see what their new tax amounts are on their September 2014 school tax bills and their January 2015 town tax bills.

The calculations use the town’s taxable property value, set by the assessor, and the town’s total market value, which is established by the state.

If the taxable-assessed value is raised to 100 percent by revaluation, the tax rate per $1,000 of assessed-property value will decrease, as long as the town’s overall tax levy stays about the same.

Bombay’s current valuation rate is 3.12 percent. Property owners paid $132.28 per $1,000 of assessed-property value this year.

Rotman has asked the town to hire another appraiser with expertise in determining commercial-property values, including the parking lot at Akwesasne Mohawk Casino, the Holiday Inn next door and Speedway Express.

A pending land-claims lawsuit dating back to 1985 has delayed revaluation in Bombay.

The Mohawks claim more than 13,400 acres of their reservation were taken from them without the proper approval by the U.S. Congress, which the tribe says is a violation of a 1796 treaty.

Text Only | Photo Reprints
Local News

North Country Scenes


Click on photo to view gallery with latest photos

FYI...
  • Why Facebook is getting into the banking game

    Who would want to use Facebook as a bank? That's the question that immediately arises from news that the social network intends to get into the electronic money business.

    April 19, 2014