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Tompkins County assessment staff recommends pausing 2025 reassessment after AEM shows 95% ratio
Summary
Jay Franklin of the Tompkins County Department of Assessment told the Government Operations Committee on March 6 that the county’s 2025 AEM review returned an assessment-to-sale ratio near 95%, and recommended pausing a market-based countywide reassessment this year.
Jay Franklin of the Tompkins County Department of Assessment told the Government Operations Committee on March 6 that the county’s 2025 annual equity maintenance (AEM) review shows an assessment-to-sale ratio near 95%, a figure the New York State Office of Real Property Tax Services considers acceptable for statistical confidence.
Franklin said, “we were close to 95%,” and added, “our 95% can still be considered 100% when you're looking at, the various statistical, confidence levels.” Based on that result, he said the department recommends pausing a market-based, countywide reassessment for 2025 and instead focusing on targeted updates and data work.
The nut of the recommendation is that the department ran its analyses and found no systemic drift large enough to require an across-the-board change in assessed values. Franklin told the committee this would free staff time to complete nonvaluation work,…
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