FOR IMMEDIATE RELEASE
May 7, 2019
City of Kingston Files 2019 Tentative Assessment Roll
Grievance Day to be Held on May 28, 2019
KINGSTON, NY -- The City of Kingston’s Assessor has filed the Tentative Assessment Roll for 2019. There has been an undeniable demand for residential, commercial, land, residential rental and commercial rental properties in the City of Kingston over the past four years. This demand, from a multitude of different buyers, has caused pressure in the marketplace and significant increase in property values over the past three assessment roll cycles.
Over the past three valuation periods (July 2015–June 2016; July 2016–June 2017; July 2017–June 2018) the City of Kingston’s commercial real estate market showed consistent positive growth when analyzing property sales compared to their assessments. This upward commercial value trend has been consistent throughout each business district in the City of Kingston, as many new buyers have been entering the market over the past few years. Values in the residential sector have been following similar trends. The residential sector has seen its strongest uptick in value this year over the past few years, due to a healthy demand for residential properties in the City of Kingston. All residential neighborhoods will see upward trending this Assessment Roll year of 2019.
Any property receiving a change in assessed value (positive or negative) or exemption status will be mailed a notice this week. Included in this notice will be the amount of assessment change, any exemptions on the property, and what a property owner should do if they disagree with the assessment.
The Assessor will be available to discuss any property owner’s valuation complaint prior to Grievance Day. Appointments to meet at the Assessor’s Office at City Hall can be made during the following times: May 11 from 9:00am–1:00pm, May 15 from 4:00–8:00pm, and May 23 from 12:00–4:00pm.
Grievance Day will be held on Tuesday, May 28, 2019, from 3:00–5:00pm and 7:00–9:00pm at City Hall. The Board of Assessment Review will hear and examine all complaints in relation to assessments. Any person believing himself/herself to be aggrieved, should provide a written application, as well as the required RP-524 Grievance Application. A helpful grievance how-to guide is provided by New York State.
What can impact Assessed Values?
- Adjusting for Market Value
- New Construction
- Improvements (Permitted or Unpermitted)
- Alterations (Permitted or Unpermitted)
- Fire damage
A property’s assessed value is a measure of its market value based on the prior July 1st (7/1/2018). Property in the City of Kingston is assessed at 100% of market value.
The entire Tentative Assessment Roll is available now and 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 or in person at the Assessor’s Office.
Additional resources: https://www.tax.ny.gov/pit/property/learn/asmtvtaxes.htm