The legislation, introduced by Senator Andrea Stewart Cousins and Assemblyman Tom Abinanti has been an initiative the town has been pushing for years. The Assessors Association has been pushing this for decades.
Late this week the New York State Senate and New York State Assembly approved legislation sponsored by Senator Andrea Stewart Cousins and Assemblyman Tom Abinanti that will generate additional revenue for Greenburgh, towns, cities and villages throughout NYS and help us and municipal governments with our economic development initiatives.
The Greenburgh Town Board has been pushing for years authorizing a Greenburgh only and a state-wide bill that will assess condos and coops built after January 1, 2023 their full assessed value. The legislation now awaits the signature of Governor Kathy Hochul. The Assessors Association has been trying to get this legislation approved for decades. The legislation that was approved will not impact existing condos or coops. They will continue to be assessed at the commercial values--which is less than single family homes are assessed. The new law only impacts new construction.
PAUL FEINER
Greenburgh Town Supervisor
To Read More, Link To: https://greenburghinsider.blogspot.com/2022/06/greenburgh-insider-condos-and-coops.html
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