ASSESSED PROPERTY VALUATIONS - EXEMPT PROPERTY - PROPERTY TAX APPEAL DATA

Property Tax Assessments - Taxable Properties (October 1, 2022 Value)
# of Parcels Assessed Value % of Total
1 Vacant Land 89 $45,575,600.00 3.92%
2 Residential 2,664 $733,138,500.00 63.06%
3A/3B Farm 0 $0.00 0.00%
4A Commercial 379 $282,972,000.00 24.34%
4B Industrial 14 $15,685,600.00 1.35%
4C Apartments 30 $76,982,700.00 6.62%
5A/5B Railroad 10 $0.00 0.00%
6A/6B Business Personal Property 1 $8,319,300.00 0.72%
Total 3,187 $1,162,673,700.00 100.00%
Average Ratio (%), Assessed to True Value 75.28%
Equalized Valuation, Taxable Properties $1,544,465,595.11
Total # of property tax appeals filed in 2022 County Tax Board 7.00
State Tax Court 8.00
Number of 2022 County Tax Board decisions appealed to Tax Court 3.00
Number of pending property tax appeals in State Tax Court 8.00
Amount paid out by municipality for tax appeals in 2022 $3,500.00
Property Tax Assessments - Exempt Properties (October 1, 2022 Value)
# of Parcels Assessed Value % of Total
15A Public Schools 5 $59,228,900.00 10.27%
15B Other Schools 1 $17,588,100.00 3.05%
15C Public Property 70 $136,605,200.00 23.69%
15D Church and Charities 22 $39,519,400.00 6.85%
15E Cemeteries & Graveyards 4 $5,057,100.00 0.88%
15F Other Exempt 218 $318,720,100.00 55.26%
Total 320 $576,718,800.00 100.00%
Percentage of Exempt vs.
Non-Exempt Properties
49.60%
Prior Budget Year's Payments in Lieu of Tax (PILOT) - 5 Year Exemptions/Abatements
# of PILOT Assessed Value Taxes if Billed in Full
Parcels Billing/Revenue 2022 Total Tax Rate
G Commercial/Industrial Exemption 1 $64,400.00 $2,422.08
I Dwelling Exemption 8 $164,500.00 $6,186.85
J Dwelling Abatement
K New Dwelling/Conversion Exemption
L New Dwelling/Conversion Abatement
N Multiple Dwelling Exemption
O Multiple Dwelling Abatement
Total 5 Yr Exemptions/Abatements 9 0.00 228,900.00 8,608.93