Scarsdale trustees have voted no on a Homestead Tax Option that some say would have tripled the tax burden on unit owners in the only condo complex in town, all of whom are over 55.
The decision affects all property owners in Scarsdale but was centered on the 42 units at One Christie Place in the village.
Scarsdale10583.com posted this story today about the decision and the League of Women Voters of Scarsdale, opposed to the adoption, prepped this summary of the case. The Scarsdale Forum was for the Homestead Option. You can read their report here.
Taxes are a hot issue in Scarsdale right now (and when are they not anywhere in Westchester?) due to a town-wide revaluation, which is the only time you can adopt the Homestead Tax Option in New York.
The goal of the option is the make sure residential property owners don't get hit during a reassessment against commercial property owners. The savings to single-family homeowners would have been small in relation to the major jump for the condo owners, the League said.
According to municipal officials the data collection phase of the new assessments are to be implemented on the June 1, 2014, assessment roll.
To view the entire town's 2013 final tax roll, click here.
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