Yonkers officials look to re-evaluate property
Yonkers officials say they are moving to reappraise property citywide in an effort to make taxes more fair.
City Council President Chuck Lesnick says he told Chamber of Commerce members that a vote on the property revaluation will take place Tuesday night.
"[A revaluation] doesn't add the amount of money that we get from our taxpayers," Lesnick says. "It just changes the way the pie is sliced up ? so that people are paying what their houses are actually worth."
Lesnick says the process would take three years and cost $5 million, which Yonkers would bond. According to Lesnick, the revaluation, while costly, almost equals the amount of money the city spends to settle property tax challenges every year.
Yonkers last reappraised property citywide in 1954.