Sweden receives $19,450 in state aid
for Quality Assessment Practices

The Town of Sweden has received $19,450 from New York State for maintaining the highest standards for assessment administration in the state, according to town officials. This funding comes as the town's 2002 assessment roll was confirmed by the New York State Office of Real Property Services as complying with the state's annual reassessment program.

The annual reassessment program requires that municipalities update their assessments at market value, each year. Keeping assessments up-to-date provides property owners with fair and equitable assessments on a consistent basis. The longer a municipality goes without doing a reassessment, the more likely it is that assessments will become inequitable and some taxpayers will pay more than their fair share of property taxes, according to town representatives.