In February, 18 tax assessors
were indicted for taking bribes in exchange for lower tax bills, a scheme that cost the city $40 million a year in lost revenues.
Local tax assessors
are in a unique position to make an initial screening; that is, they are the professional group most capable of judging the importance of the factor of hazardous waste compared with the factors of taxes, community services, the business climate, and other characteristics that affect property values, transactions, and land uses.
A tax assessor
and the head of the assessors' union testified next, outlining a number of reforms that they claimed would help.
No building owners have yet to be implicated in the tax scheme that shook the real estate industry last week with the indictment of 18 Manhattan tax assessors
accused of cutting property taxes for bribes.
Elsewhere in the city, the hotels have been particularly hard hit and should make their pain known to the tax assessor
731 (1995), the Supreme Court held for the first time in Connecticut that a municipal tax assessor
must take into consideration the actual lease rents generated by the commercial property under appeal.
Where there is a sale of the property, the next year the real estate tax assessor
will automatically fix the increase at 45 percent of the sale price, said Sam Schneeweiss, a partner with Becker, Ross, Stone Destefano & Klein.
Until very recently, tax assessors
in Georgia and many other states did not consider foreclosed and bank-owned home sales in their property valuation assessment formulas, which include a review of recent comparable sales.
1, 2006, will be treated the same as a surviving spouse by local property tax assessors
The report failed to mention that the city has been served with 57 lawsuits commenced by taxpayers suing over the alleged bribery scheme where several former city tax assessors
have pled guilty to participating in the $10 million collusion that lowered some property owner's tax assessment while increasing others.
Attorney's office handed down indictments to 18 current and former tax assessors
charging them with reportedly taking $10 million in bribes to alter assessments on more than 550 buildings in the last 35 years.