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Also attached to this agenda item: 34 Lounsbury Road 2023 Stipulation November 13th Resolution 237-2023 34 Lounsbury Rd SCAR refund

Phone: (914) 271-4783 www.crotononhudson-ny.gov ENGINEERS OFFICE Stanley H. Kellerhouse Municipal Building One Van Wyck Street Croton-on-Hudson, NY 10520.2501 Date: October 30, 2023 To: Bryan Healy, Village Manager From: Roger Miller, Village Assessor Re: 2023 Village Scar Cases Mayor Brian Pugh Trustees Ann Gallelli Sherry Horowitz Nora M. Nicholson Len Simon Manager Bryan Healy Treasurer Daniel Tucker Engineer/Building Inspector Daniel F O'Connor, P.E., CEO Asst. Engineer/Asst. Building Inspector Ronald Wegner, P.E., CEO Assessor Roger Miller Fire Inspector Peter Anfiteatro, CEO There were two SCAR settlements this year, summarized as follows: 11 Newton Court – Jamie Fosgate – 67.10-2-4.27 The assessment was reduced from $25,543 to $24,400; the implied market value was reduced from approximately $890,000 to $850,000. The property was purchased in 2021 for $809,250. The Town of Cortlandt recently settled their grievance with value set at $850,000. Based on this reduction and the tax rate of $278.435 per $1,000, the indicated tax refund is $363.76. 34 Lounsbury Road – Casey Raskob – 67.20-2-38 The assessment was reduced from $21,500 to $19,583; the implied market value was reduced from approximately $750,000 to $682,000. The issue was not market value, but the increase in value due to construction of a garage with attic storage structure. Based on the reported cost of the improvements, the assessment had been increased by $4,500, or approximately $155,000 in market value. The settlement reflects an increase in value of approximately $90,000 due to the construction. Based on this reduction and the tax rate of $278.435 per $1,000, the indicated tax refund is $533.76. The signed stipulations of settlement are attached. --- Editorial note (croton.news): name spelling(s) in this copy were corrected against official records: ‘Bryan Healy’ corrected to ‘Bryan Healy’. The original document, as issued, is available from the Village; see croton.news/editorial-policy for our corrections policy.