Niagara Falls, NY - Some Niagara Falls officials say the plan to conduct a city-wide reassessment is a way to guarantee fairness and equity. But some residents say it's just another way of hiking taxes significantly and they won't stand for it.
But residents, especially in the Lasalle and Devault neighborhoods, counter that those with small homes and seniors will also take a big hit with additional concerns their county and school taxes could go up as well if assessments are raised.
"The assessment itself is not really a revenue generator. What happens is the tax base, or the tax levy, doesn't change. So the $27-million we bring in will not change. It's just evenly distributed amongst the residents of Niagara Falls," says Council President Andrew Touma.
"Where I live right now, I'll be honest with you, I'm paying $14,000 a year taxes and if I raise up another five grand, I'm selling my house and I'm leaving the city,” says resident Robert Burns.