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RPTAC Equalization Project Team

MINUTES
December 10, 2008
10:30am to 12:30pm
Albany Office

Attending:

Assessors:  Colleen Adamec, Tom Frey, Edye McCarthy, Curt Schoeberl, and Todd Wiley.

County Directors:  Lynda Levine, John Noto and Mike Sabansky.

ORPS:  Patricia Holland, HK Lo, Tim Maher and Tom Pinto. 

Guests : Dave Williams and George Herren

Topic discussed at our last meeting:

 

We discussed the appropriate tolerance to use for confirming the local level of assessment identified on the tentative assessment roll.  We identified the following eight options:

 

1)  Use a 5 percent tolerance for all municipalities.

 

2)  Use a 5 percent tolerance for municipalities that have conducted a recent reassessment and a 3 percent tolerance for municipalities that have not conducted a recent reassessment.

 

3)  Use a 3 percent tolerance for municipalities that have conducted a recent reassessment and a 5 percent tolerance for municipalities that have not conducted a recent reassessment.

 

4)  Use a 5 percent tolerance for municipalities that have conducted a current year reassessment and a 3 percent tolerance for municipalities that have not conducted a current year reassessment.

 

5)   Use a 5 percent tolerance for municipalities that actively participate in the PDC process by supplying data to ORPS and a 3 percent tolerance for all other municipalities.

 

6)  Use different tolerances based on the volatility of the market place.

 

7)  The assessor would declare an initial LOA in November and ORPS would confirm or deny the initial LOA based on a 5 percent tolerance.  If ORPS did not confirm the initial LOA then there would be a lower tolerance for confirmation of the LOA on the tentative assessment roll.

 

8)  Only allow the assessor to claim certain specific LOAs (ex. 100, 95, 90 …).

 

Next meeting:

Wednesday, January 14, 2009.  Newburgh offices.

 

Topic for next meeting:

Identify the pros and cons of the eight options discussed at the meeting on December 10 and try to reach a consensus for future equalization rate procedures.

Updated: