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Assessor reports slower sales, 12 homes under construction and pending Harvard State Bank appeal
Summary
Assessor John Killeen told the Chemung Township board that new sales volume has slowed while prices remain strong; he reported 12 new homes under construction, three solar farms underway, and a Board of Review appeal by Harvard State Bank seeking a $661,113 reduction with the assessor proposing a $144,254 reduction.
John Killeen, Chemung Township assessor, told the board on Nov. 20 that while new sales volume has slowed this month, sale prices remain strong for average-condition properties and prices for larger homes (about $300,000 and up) are levelling off. He reported 12 new homes are under construction — five of them duplexes — and staff noted a new office at Alumi‑Tank moving toward occupancy and Greenway storage’s outside paving will be assessed Jan. 1, 2025.
Killeen also reported three solar farms are under construction and said the township is applying a market value figure of $218,000 per kilowatt for those projects. He described a pending Board of Review appeal involving Harvard State Bank: the minutes record the bank requested a $661,113 reduction in taxable value for 2024, the assessor proposed a $144,254 reduction, and the owner agreed; the BOR ruling was recorded as to be determined. Killeen told the board assessment adjustments for 2024 will close after the BOR hearing scheduled for Nov. 21, 2024.
The assessor’s update frames several near-term tax-base items the board will track: construction that will add assessable value, the scheduled BOR appeal outcome, and assessment closing for 2024. The board did not take a formal township action on the bank appeal during the meeting; the BOR decision will determine the final taxable value for the parcel.
