HomeMy WebLinkAboutMemo - Trustees 11-8-10.pdf
Kathryn D. Supron, Mayor
Mary E. Mills, Clerk
Mary Jane Neff, Deputy Clerk
Jeffrey A. Silber, Treasurer
Brent A. Cross, Engineer
Village of Cayuga Heights
MARCHAM HALL
836 HANSHAW ROAD
ITHACA, NEW YORK 14850
(607) 257-1238
fax (607) 257-4910
Police Dept. & Village Administration
OFFICE HOURS
9 AM – 4:30 PM
http://www.cayuga-heights.ny.us
Memorandum
To: VCH Trustees
From: Mary
Date: November 4, 2010
I have received a list from the Assessment dept of eligible candidates who are already receiving
either a Senior Citizen (14) or Disability exemption (1) in the Town of Ithaca and County.
The total assessment for these properties is $4,050,000. The estimated impact, at worse case
scenario, would be an exemption of up to 50%. The 2010 tax rate was $5.56 x $ 2,025,000 =
$11,259. The total Village assessment on the 2010 final roll is $383,827,287 and the 2010 levy
was $2,371,488 (based on 2009 final roll total).
Attached are copies of the limits for both exemptions listed by the other municipalities. I would
like to put this information on the table for the Nov 8th meeting.