Town Council probes commercial property assessment discrepancies amid resident concerns

The Grand Island Town Board convened on May 5, 2025, to address pressing issues regarding commercial property assessments and the implications for local residents. The meeting began with a focus on the assessment process, particularly following the May 1 deadline for grievances, which left residents with limited options for contesting their property evaluations.

A key discussion point was the motion to investigate 38 commercial property assessments that had raised concerns among board members. The motion proposed that the town assessor provide clarity on these assessments or, if necessary, hire an external expert to address the discrepancies. Board members expressed frustration over the lack of transparency regarding adjustments made to property values, particularly in light of a significant $17 million correction sheet that had been issued recently.

Members voiced their concerns about the fairness of the assessment process, noting instances where newer and larger commercial properties were assessed at lower values than older, smaller ones. This inconsistency raised questions about the methodology used in determining property values and whether sales data was adequately considered in the assessments.

The board acknowledged that while commercial property values had increased substantially, the assessment process appeared misaligned with actual market conditions. The discussion highlighted the need for a thorough review to ensure that assessments reflect true property values and do not unfairly burden residents with the costs associated with commercial property taxation.

After deliberation, the board unanimously approved the motion to direct the assessor to respond to the 38 inquiries regarding commercial property assessments. This decision aims to provide clarity and accountability in the assessment process, ensuring that residents receive fair treatment in property taxation.

The meeting concluded with a commitment to follow up on the findings and to keep the community informed about any developments regarding property assessments and potential adjustments. The board's proactive approach reflects its dedication to transparency and fairness in local governance.