Syracuse Property Owners Advocate for Tax Assessment Revisions at Hearing

The Board of Assessment Review meeting held on February 11, 2025, in Syracuse, NY, focused on property assessments and appeals from local residents. The meeting featured discussions on two properties, with property owners presenting their cases for reassessment based on perceived discrepancies between their valuations and market values.

The first property discussed was located at 117-119 Twin Hills Drive. The current assessed value is $114,000, while the owner argued that the fair market value is closer to $185,000. The owner provided details about the property’s purchase price of $130,000 in 2022 and highlighted improvements made, including renovations to kitchens and bathrooms. The owner referenced comparable properties in the neighborhood to support their claim for a lower assessed value of approximately $107,000.

The city’s representative countered with data showing modest increases in property values in the area, noting that the last assessment had not occurred in over five years. They presented a comparable property that sold for $230,600, which influenced their valuation approach.

The second property under review was at 179 Beverly Road, currently assessed at $182,000. The owner contended that the fair market value is $248,000, citing similar properties and their amenities as justification for the reassessment. The owner requested an adjusted assessed value of approximately $142,600 based on their calculations.

Throughout the discussions, both property owners emphasized the importance of fair assessments in relation to their property taxes. The board acknowledged the information presented and indicated that they would consider the details before making final decisions on the appeals.

The meeting underscored the ongoing dialogue between property owners and city officials regarding property valuations, reflecting broader concerns about taxation and property rights in the community. The board is expected to review the evidence and make determinations in the coming weeks, which will impact the assessed values and tax obligations for the properties discussed.