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resolution 1 page

Also attached to this agenda item: Assessment memo Excerpts from Study re Assessment Function Local Law Intro 14 of 2024 Public Comments - Public Hearing

On motion of TRUSTEE -, seconded by TRUSTEE -, the following resolution was adopted by the Board of Trustees of the Village of Croton-on-Hudson, New York with the following vote: Resolution #210-2024 WHEREAS, the Village Board of Trustees is considering the adoption of Local Law Introductory No. 14 of 2024, a local law to add Chapter 8, Assessments, Real Property Tax, to the Code of the Village of Croton-on-Hudson to terminate the Village’s status as an assessment unit; and WHEREAS, New York State law authorizes Villages to terminate their assessment status and have Towns provide this service; and WHEREAS, the Village of Croton-on-Hudson has been discussing this possibility since at least 2012; and WHEREAS, terminating the Village’s assessment status would provide a financial savings to the Village and provide residents with one assessed valuation for the entirety of their tax bill, as opposed to the current system of one valuation for Village taxes and one valuation for town/county/school taxes; and WHEREAS, a public hearing on Local Law Introductory No. 14 was open and closed on November 20, 2024, NOW THEREFORE BE IT RESOLVED: that the Village Board of Trustees hereby adopts Local Law Introductory No. 14 of 2024, adding Chapter 8, Assessments, Real Property Tax, to the Code of the Village of Croton-on-Hudson to terminate the Village’s status as an assessment unit, which upon adoption becomes Local Law No. 15 of 2024; and BE IT FURTHER RESOLVED: that this resolution is subject to permissive referendum pursuant to subdivision 3 of Section 1402 of the Real Property Tax Law. Dated: November 20, 2024