A townwide reassessment is about to begin, learn more about the process at 5:30 in the Wellsville Middle School Gymnasium
This letter was mailed to all property owners in the Town of Wellsville, dated January 29, 2024,
Reference: Revaluation of Assessments, Town of Wellsville
To whom it may concern,
The Wellsville Town Board has directed a revaluation of the entire Town of Wellsville. When this revaluation takes effect, it will have been 11 years since the town’s last revaluation. This revaluation will affect your 2025 school, and 2026 town and county taxes. The town’s 2024 equalization rate is 67%. Once the equalization rate falls below 100%, the following occurs:
- Decreases all exemption values (combination of the equalization rate, county sales differential, and the towns overall level of assessment).
- Full Market Value assigned each parcel (current assessment divided by the equalization rate; this figure is used to determine your tax rate on shared services such as county and school taxes).
I will hold an informational presentation/briefing on how I plan to conduct the revaluation at Wellsville Middle School Gymnasium at 126 West State St Wellsville, NY 14895 on February 26, 2024 at 5:30pm. This meeting is open to the public and all property owners are encouraged to attend. To ensure that the appropriate number of handouts and seating are available, please contact Nichelle Dannheim at 585-593-1780 opt. 7 if you plan on attending and how many people you are bringing with you.
The goal of the revaluation is to provide a uniform and equitable assessment roll based on the current market/sales of the property where all property owners are assessed the same based on what they own (e.g. grade and condition, square footage, year built, uniform land table, etc.).
The information recorded on your property, as well as the current market will be used to determine your assessment. Please review, correct if necessary, sign, write any comments directing me towards anything on the property that you want to specifically address and return the enclosed “data mailer” to the assessor’s office prior to March 1, 2024. We will inspect every parcel in the Town of Wellsville to verify the parcels inventory, verify all measurements on houses and out-buildings (I use exterior measurements for everyone), update photographs, etc. Anyone associated with this revaluation project will carry photo identification. If you prefer that I estimate the property’s inventory and value from the public right of way, just state that in the data mailer and return it to me.
Upon completion of the data collection, I will reassess each parcel and notify property owners of the new assessment in January 2025. Individual informal hearings (by appointment) will be available for property owners to review their assessment for the accuracy with me and the Wellsville Town Hall in February 2025 (before taxable status day). If after the informal hearing, you still feel you are over-assessed based on the market value of your property, you have the right to file a formal review through the grievance process with the Board of Assessment Review.
The following sales information (as of January 15, 2024) for the last four years is provided for your information (actual sales will be given out at the public presentation and for valuation purposes, sales will be used through 7/1/2024).
- Vacant land is currently assessed at 48% of its market value. There have been 409.04 acres of vacant land sold in the last four years in Wellsville. The average selling price is $1,274 per acre while the average assessment is $613 per acre.
- The town’s residential properties are currently assessed at 67% of its market value. There have been 205 residential sales in the last three years in the Town of Wellsville with an average selling price of $96,877 while the average assessment of those homes is currently $65,147.
I believe you will find the informational briefing to be informative as I will explain what we assess, how we assess it, how we determine the values, how we ensure that the assessments are uniform/equitable, how we develop the land tables, what exemptions are available and how you may qualify for them.
If you have any questions, please contact the undersigned.
Timothy Dannheim, Assessor
