City of Kingston Filing of the
2017 Tentative Assessment Roll
(KINGSTON, N.Y.) The City of Kingston Assessor has filed the Tentative Assessment Roll for 2017.
About Assessed Values:
A property’s assessed value is a measure of its market value based on the prior July 1st. Property in the City of Kingston is assessed at 100% of market value.
What can impact Assessed Values?:
- New construction
- Fire damage
- Market value
The actions or circumstances described above typically result in a review of an assessment and may result in an increase or decrease of assessed value.
About Assessed Values in Kingston:
7 out of the last 8 years, most homes have seen decreased assessments or assessments that have remained stagnant.
Over the past two valuation periods (7/1/14 thru 6/30/15) and (7/1/15 thru 6/30/16) the City of Kingston real estate market has stabilized and started to show real positive growth in many areas when analyzing sales compared to their assessments. The positives residential values appeared in the Uptown, Stockade, Avenues, Downtown, Roosevelt Park, Hutton Park neighborhoods, and with condos, townhomes and new subdivisions. The most positive gains were found in Commercial properties.
Any property receiving a change in assessed value (Positive or Negative) will be mailed a notice. Included in this notice will be the amount of assessment change, any exemptions on the property, when and where you can view the assessment roll and what to do if you disagree with your assessment. The entire Tentative Assessment Roll may also be reviewed online at: http://ulstercountyny.gov/real-property/assessment-rolls or by clicking “Assessment Roll” on the City of Kingston’s website’s homepage.