Proposed bill would give tax break to flood victims

Proposed bill would give tax break to flood victims

Residents still recovering from this summer's major flooding could be getting a tax break. The "Mohawk Valley and Niagara County Assessment Relief Act" would allow home and business owners that suffered major damage to apply for a tax reassessment.
Residents still recovering from this summer's major flooding could be getting a tax break.

The "Mohawk Valley and Niagara County Assessment Relief Act" would allow home and business owners that suffered major damage to apply for a tax reassessment.

Under the legislation, villages, towns, and cities in ten counties -- including Oneida and Herkimer counties -- would be given the option to reassess property values and issue tax bills at a reduced rate.

The proposed legislation has just been introduced and hasn't been voted on by the State Legislature.

It includes a graduated scale of property tax reduction levels based on the amount of damage home and business owners sustained.

The bill also includes a clause protecting school districts from losing state education aid as a result of any reduced assessments.
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