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The original item was published from 4/16/2021 3:48:00 PM to 4/20/2021 2:44:36 PM.

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Real Property News

Posted on: April 16, 2021

[ARCHIVED] Town of Genoa 2021 Reassessment Information

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When a municipality does a reassessment project, a key factor in determining appropriate values is to rely upon market sales.

This Genoa Sales Book contains sales of properties the town assessor used to compare to other similar properties in the town as a basis for the new assessments.

NYS Office of Real Property Tax Services provides the assessor with trend analysis for sales that occur over a period of time to arrive at “Time Adjusted Sale Prices.” This allows the assessor to utilize sales from as far back as 5 years ago (7/1/2016) and trend them forward to arrive at the best estimate of the most likely selling price today.

You may also review comparable sales from the Town of Ledyard Sales Book.

Lastly, the 2021 Preliminary Assessment Roll is available for your review. 

View Sales Book Here
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