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Council hears reassessment update; staff say city hasn't done a full reassessment in 15 years
Summary
City staff outlined plans to use sales through July 1, 2025, to inform a revaluation for the 2026 assessment cycle and said the city's tax levy has not increased despite rising property values; residents raised questions about inspection scope and costs.
Glens Falls staff provided an update to the council on property assessment work tied to the 2025 roll year and described plans to incorporate sales through July 1, 2025, into the next assessment cycle.
Staff said there were more than 84 on-site sales in the 2025 roll year data the assessor is reviewing. The city has not completed a comprehensive reassessment in about 15 years, staff said, and the planned process will use recent sales to analyze valuation patterns by property type. The transcript records staff saying the tax levy (total dollars collected) was "about $11,000,000," and that prior assessment cycles caused shifts in the tax rate per $1,000 of value; staff emphasized the levy amount collected by the city itself did not automatically increase simply because total assessed values rose.
Council members and residents asked about how inspection work would be carried out and about the cost and feasibility of wide-scale inspections. Staff said a full door-to-door inspection program would be time- and resource-intensive and that current plans rely on sales data, database work and selective inspections as the information is compiled and analyzed for the 2026 assessment product. No formal council vote on reassessment policy was recorded in the provided transcript.
