Legislation that would allow tax relief for some North Country property owners who have suffered flood damage passed the state Senate 62-0 Monday.
The bill, sponsored by state Sen. Betty Little, R-Queensbury, applies to flood damage in Clinton, Essex, Franklin, Warren and Washington counties. If a property has lost 50 percent or more of its value as a result of the flooding that hit the region in late April, the bill would allow the assessor to change its taxable status date to May 29, reducing its assessment and thus its property tax bill. Usually, a property's value is based on its condition on March 1.
Assemlywoman Teresa Sayward, R-Willsboro, is sponsoring companion legislation in the Assembly, and Assembly members Janet Duprey, R-Peru, and Tony Jordan, R-Jackson, are co-sponsoring it.