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Hurley board discusses whether to 'trend' property assessments after steep market gains; assessor counsel cited
Summary
Board members reviewed recent equalization work and debated whether to apply a large 'trend' adjustment to property assessments now or wait; the town’s assessor reportedly advised against a 17–20% trend at this time due to potential school-tax consequences for the district.
Board members discussed county equalization work and a possible town 'trend' to adjust assessed values after an increase in market prices. Officials said housing prices had risen notably and that trending assessments now — by amounts cited as 13% or even 17–20% in some discussions — could have outsized impacts on school tax bills across the district.
Members relayed that the assessor advised caution, saying she would not recommend a large trend increase now because it could sharply raise school taxes for other municipalities in the same school district and shift burdens. Board members explored options including smaller incremental adjustments, waiting for market correction, or meeting with the assessor for more detailed guidance before taking action.
No formal decision to apply a trending increase was recorded during the meeting. Board members asked staff to provide more information and to consult further with the assessor to understand timing and impacts before committing to a course of action.
What happens next: the board will request more detailed assessment scenarios from the assessor and discuss options at a future meeting before any vote to alter equalization or assessment policies.
