More than 600 property owners in the region who suffered catastrophic property damage during the June 2006 floods are receiving property tax relief totaling more than $1 million.
As a result of the floods in the early summer of 2006, a federal disaster was declared for 20 counties, as the homes and businesses of thousands of people were damaged and destroyed, significantly reducing property values.
Locally, Delaware, Chenango, Broome, Sullivan and Tioga counties offered the flood assessment relief program to taxpayers.
The state has approved reimbursements totaling more than $1 million to those counties. On average, the owner or owners of each eligible property will receive more than $1,600 in tax relief.
The Flood Assessment Relief Act of 2007 provided the counties hardest hit by the June 2006 floods with the option of allowing property owners in flood-impacted municipalities to seek reductions in their assessed property value.
To compensate counties, cities, towns, villages and school districts for providing tax relief under this program, the 2007-08 state budget provided funds to taxing jurisdictions that opted into the program.