The Town Board of the Town of Irondequoit determines that high
floodwaters during the spring and summer of 2017 on Lake Ontario and
Irondequoit Bay have caused significant damage to private property.
On May 12, 2017, the Town of Irondequoit entered into a state of emergency
as a result of the threat to public and private property, and public
safety, presented by the high floodwaters. The Town Board finds that
the damage to property occurred after March 1, 2017, the date by which
under state law a properties assessed value is based. As a result,
a large number of property owners have experienced significant loss
to the value of their homes, yet have a real property tax liability
that is based on the value of their home before flooding occurred.
The Town Board is authorized by Part B of Chapter 85 of the 2017 Laws
of New York State to enact a local law to provide assessment relief
to homeowners impacted by high floodwaters.
The Town of Irondequoit hereby elects to provide assessment
relief for real property that lost at least 10% of its improved value
due to sustained floodwater levels throughout 2017. The Assessor of
the Town of Irondequoit is hereby authorized to reduce the assessed
value attributable to the 2017 tax roll to reflect loss of improved
value to real property from floodwaters, as prescribed by Part B of
Chapter 85 of the 2017 Laws of New York State (the Lake Ontario and
Connected Waterways Assessment Relief Act). Any exemptions which the
property may be receiving shall be adjusted as necessary to account
for such reduction in total assessed value.