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of the cons may cause local leaders to delay reassessment even if it is clearly needed. This includes the cost which averages around $50-60 per parcel which does not include postage, supplies, staff time and time spent by the local boards. There are also negative political implications since property values go up (more so the longer you wait). There is additional cost through the grievance process as well. Even if grievances are unfounded there is still a cost associated with them.

Also the timing of a reassessment is extremely important. It is important that there is relative stability. For example, since the Town of Conklin continues to deal with the impact of the flood in 2006, it would not be a good time to do an assessment. A good time to do an assessment would be a period of growth in the construction market. At that time the town is adding to its tax base minimizing the impact on individual tax rates.

The state is considering a cycle bill to have a property revaluation for the whole state in the same year. This would avoid the risk of people moving out of a town that chooses to do it to a nearby town with lower assessments resulting from delaying the process. If this was done towns that did revaluations, like Vestal, wouldn't get so much flack. A cycle bill every 3 years with a tax freeze fro 3 years would have an equalization rate of 100%. Then the money that would go toward creating an equalization rate could go toward the assessment itself reducing the cost. Despite potential benefits there would be little support for such unfunded mandates.

'Dave Hamlin, currently Town of Fenton Supervisor, has 20 years of experience as an assessor. His experience is in small communities where there is little support for property revaluation. There is no way that he would recommend a revaluation right now, in this economy. It would be too costly and updates would not happen. As a politician, he sees there is little to gain from that perspective.

The only way it can be done is through a mass appraisal on a large number of properties and everyone needs to be on board, including the supervisor, clerk assessor and town board. The officials in a community may want to do it, but it is a tough sell to their constituents.'

Equalization rate the average ratio of assessment to full market value in a town based on valid sales. If the assessment doesn't change but sales go up then the equalization rate goes down. The coefficient of dispersion is another way to express this. Ideally, the equalization rate should be 100% for all municipalities. In order to get a true equalization rate it must be based on an assessment of a full town or region. You cannot spot assess and must look at all sales and interpret what they tell you about the market through a pre-decisional calibration analysis.

People do not understand how changes in the market affect it which is what is causing many of the complaints. He admits that maybe the current economic climate is not ideal for a reassessment. However, this process was started three years ago. Since what they began to find out was that the inequities were outweighing the equities, they had to continue with the reassessment despite the economic downturn. Mike Marinaccio mentioned that he thinks that when the equalization rate goes down it is actually a good sign because it means that homes are selling at a higher price than they are a