Mt. Kisco Residents to Be Hit With Hefty County Tax Hike
Mt. Kisco Mayor Michael Cindrich said village property owners could be hit with as much as a 9 percent county tax increase because the municipality is being penalized for having completed a more recent revaluation.
Even though the board of legislators approved a 2011 budget that cut the tax rate by 2.2 percent, Mt. Kisco did a revaluation in 1978, one of the more recent ones done by municipalities in Westchester.
“We’re being punished for doing a revaluation,” Cindrich said.
Separate estimates provided by the board of legislators and County Executive Rob Astorino’s office gave different figures regarding the tax impact o Mt. Kisco, but neither one is encouraging. The board of legislators estimates taxpayers would be socked with a 7.5 percent tax hike, while Astorino projects a 9 percent hike.
Cindrich instructed Village Manager James Palmer to provide a report explaining how the state equalization rate works when the board of trustees meets for its next meeting on Feb. 7. Equalization rates are used to determine the proportion of taxes a community is required to pay a county or other entity, which contain more than one municipality.
Adam has worked in the local news industry for the past two decades in Westchester County and the broader Hudson Valley. Read more from Adam’s author bio here.