Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Tax Reappraisal topic
No spam. Unsubscribe anytime.
NEMRC briefs Jericho BCA on 2026 reappraisal: 'Values given are good for one day, April 1, 2026'
Summary
NEMRC staff presented the methodology and results of Jericho's 2026 townwide reappraisal, noting three years of sales inform cost tables, cash sales affected the market, and inspections covered about 25% of homes. The board heard appeal statistics and next steps for hearings.
Ed Clodfelter, senior appraiser with the New England Municipal Resource Center (NEMRC), briefed the Town of Jericho Board of Civil Authority on the methodology behind the town's 2026 reappraisal and what residents can expect from valuation notices.
"Three years of sales are used to create the cost tables," Clodfelter said, explaining that statistics from the sales analysis are applied to all properties being valued, including those that have not sold. He added that "the old assessment (2016 reappraisal) has no significance to what the value is today" and emphasized that "the values given are good for one day, April 1st, 2026." The presentation also noted that an increase in cash sales during the period examined has affected market measurements used in the reappraisal.
Kevin Grassi, NEMRC assessor and the project lead for Jericho's reappraisal, told the board team members were able to enter about "25% of the houses in Jericho (1800 improved parcels in Jericho)." He said internal inspections are preferable for accuracy and that, when a crew could not enter a house, exterior observations were used with assumptions about interior condition. Grassi also provided appeal-related statistics: 91 prehearings (about 4% of parcels), 57 grievances (about 3%), and five appeals filed to the Board of Civil Authority.
The board did not take immediate votes on valuation methodology; the presentation functioned as training for BCA members and an explanation of procedures residents may follow if they dispute assessed values. NEMRC and Jericho listers' staff will next execute scheduled appeal hearings and mail notices per the timeline determined by the board.
