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Ti property revaluation complete

TICONDEROGA - Patti Osier is bracing for a tough week.

Ticonderoga residents will receive tax assessment impact notices this week, which means Osier - the town assessor - can expect to hear plenty of complaints.

Assessments in Ticonderoga will increase by an average of 27 percent following a revaluation of the town. It's the first reval since the Ti town board declared an assessment moratorium five years ago.

"I feel good about my values," Osier said. "I tried to be fair and equitable. I live in Ti, too. My family has been here 300 years. I don't want to do anything that will hurt people."

Osier stressed the increased assessments do not necessarily mean a tax increase. In fact, she said, the reval can mean a tax savings in many cases.

Senior citizens, in particular, she said, should benefit from the revaluation. By bringing the town to full market value assessment, Osier said, senior citizen exemptions such as STAR will increase.

"There were a lot of inequities in Ticonderoga," Osier said. "It just wasn't fair, especially to senior citizens. I really believe these (new) values are fair."

While town assessments are up 27 percent, each of Ticonderoga's 3,635 parcels were valued individually.

As a result, some older homes on Lake George Avenue and large land owners outside the hamlet could see assessments double. Lakefront properties will also see significant increases as will commercial property near the intersection of Routes 9N and 74.

Most commercial property in town will see little change in assessment.

Osier volunteered that her own assessment will double.

Assessments are determined by collecting data - square footage, construction style, acreage, location, etc. - on properties and entering that information into a computer program, which then compares that property to recent sales of similar parcels. Those recent sales set market value - and assessments.

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