Citywide Property Revaluation and Equalization Rate
Schenectady
Summary
The city's equalization rate has dropped to approximately 60%, leading to concerns about tax equity and economic stability. Officials discussed the potential multi-million dollar cost of hiring an outside firm to conduct a comprehensive property revaluation.
At a glance
- Total mentions
- 1
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 26, 2026.
Impact analysis
A full revaluation could cost upwards of $2 million and redistribute the tax burden more equitably among property owners.
Property owners currently shouldering a disproportionate tax burden due to outdated assessments.
Property owners experiencing significant market value increases whose tax bills might adjust.
Mentions & discussions (1)
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