The city of Ogdensburg is reviewing residential properties assessments west of the Oswegatchie River in an effort to ensure their assessed value is representative of their market value.
Assessor C. Bruce Green said the reassessment was triggered after homes in the area began selling, on average, for more than their assessed value.
There are only so many homes that are available for sale and ones that have been kept up are selling higher, Mr. Green said. They typically sell higher than they would have five or six years ago.
Mr. Green said that prior to the reassessment the average assessed value in the area was in the $55,000 range, although the average home was selling for $60,000.
Market value is what we all strive to do, Mr. Green said.
Mr. Green said the last time the neighborhood was reassessed was five to six years ago before he worked for the city and he believes the latest effort will go a long way to ensure there is equity in home values.
About 900 properties west of the Oswegatchie were reassessed over the last several weeks, Mr. Green said, although just a third of them will see changes to their valuation.
The vast majority wont be touched, he said.
Residential property owners who will be impacted by the new assessment will receive notices in the mail and will have until June 17 to meet with Mr. Green to discuss the changes.
On June 17 from 2 to 4 p.m. and from 6 to 8 p.m. the citys Board of Assessment Review will meet in the City Council chambers to hear from residents who feel their assessment should be revised.
Anyone with questions should contact the assessors office at 393-4030.
So far, Mr. Green said, he doesnt have plans to reassess other parts of the city in the near future.
Other than that things look pretty decent at this point in time, he said.
Mr. Green will be out taking photos of properties from curbsides across the city over the next few months to keep city records up to date.