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Finance committee update: Tompkins County assessment office proposes pausing market-based reappraisals until '02/1929'; board cautions possible large changes at
Summary
The board’s finance committee reported that Tompkins County assessment staff proposed not applying market-change overlays for the next four years while they transition to new software; the committee warned that assessments will likely change when the new system is applied in 02/1929.
The Ithaca board’s finance committee updated the board on a presentation from Tompkins County assessment director Jay Franklin about planned changes to property-assessment practice.
Committee members said Franklin proposed not applying market-based revaluation overlays to individual neighborhoods for the next four years while the county transitions to new assessment software. Under the proposal described at…
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