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Assessor presents 2026 footings, sets level of assessment at 95%
Summary
Tompkins County Assessor Jay Franklin presented the 2026 assessor footings and explained adjustments for new construction, demolitions and exemptions; he said he set the level of assessment at 95% and the committee approved the resolution adopting the footings.
Jay Franklin, the county assessor, told the committee on Aug. 11 that the assessor footings — the department’s record of the 2026 final assessment roll — reflect adjustments for new construction, demolitions and exemptions and will serve as the historical record for future comparisons.
"These are probably my two favorite resolutions that I present to you each year... this is the way that I want to do it," Franklin said as he explained the footings and how assessed versus taxable value differ. He said he set a level of assessment at 95% and described how exemptions affect taxable value even if assessed value stays the same.
Lawmakers asked clarifying questions about columns and the treatment of different town funds (general vs. highway) and were reminded that changes in tax bills are driven by the levy the legislature sets, not by the equalization bookkeeping. The committee approved the adoption of the 2026 assessor footings.
