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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Nov 26, 1976
Page
2
In Greenbush in 1849 William Van Rensselaer balked at paying taxes, prompting a confrontation over full value assessments. The piece traces a long legal and constitutional argument for assessing real estate at market value, noting widespread underassessment and the political pressures shaping tax rolls.
Readers submit questions on stamps and calls while a major feature discusses the fight over fractional property assessments. The piece covers court rulings from Hellerstein to Islip and notes potential statewide revaluation costs, with lawmakers and tax groups weighing next steps.
A guide explains how to estimate market value from assessments using state equalization rates. Examples show $15 000 assessed in Troy at 83.09% equals about $18 052, and $1 000 in Berlin at 3.62% equals $27 624, with a county list of rates for Rensselaer County towns and villages.
In Rensselaer County and across the state, equalization rates shrink as assessors fail to keep pace with rising property values. The system aims to balance taxes but creates inequities within districts and reduces state aid to poorer districts like rural towns such as Berlin, where a few sales raise market values and strain school funding.
Coinword Puzzle No. 1120 identifies ten semifinalists who earned eligibility by spotting five key words to chase a $500 jackpot. A winner, if any, will be announced Saturday. Semifinalists include Mary Brown, Cietek, Denny, Ford, Hydorn, Hussey, Leach, Long, Long Jr, and McGinis.
NYSEG, serving Mechanicville Stillwater Clifton Park and parts of Rensselaer and Columbia counties, seeks PSC approval for electric rates up 10 percent and gas up 5 percent annually citing higher labor material and construction costs. Estimated impacts include a $4.60 monthly rise for 500 kWh users and about $4.09 more per month for a 150 cubic foot gas bill. If approved, annual electric revenues would rise about $60 million and gas revenues by $7.7 million. Public hearings and a PSC review are expected before any change.
History notes William Van Rensselaer battled local officials over taxes while pursuing debts from long term indentures linked to his father Stephen Van Rensselaer. The anti rent wars of the 1840s to 1860s marked a violent era as land rights and manoral dues sparked lawsuits and deaths in Albany and Greenbush.
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