Lockport Union-Sun & Journal — The Town of Lockport will continue its annual reassessment program for 2013.
Annual reassessment involves the review and analysis of all real property to determine current full market value. Under the tax law, the town assessor’s office is obligated to create fair and equitable property assessments at a uniform level, which is 100 percent of current full market value, town officials said.
A change in assessment notice will be mailed to all property owners experiencing a change in assessment, between Friday and April 10. The notice will include instructions, dates and procedures for the informal review process and for filing an assessment grievance with the Board of Assessment Review.
The 100 percent Full Value Assessment Project began in 2001, when all property assessments were reviewed and converted to full market value, up from 85 percent. The town assessor’s office said in a release, the goal of this community is to maintain all assessments at 100 percent of full market value. The program of annually sustaining equity has been adopted by the State of New York Office of Real Property Tax Services and is being implemented in other municipalities in Niagara County.