MAYOR ROBERT PALMIERI ANNOUNCES EXPANSION OF UTICA’S TAX BASE

Mayor Robert Palmieri today announced the completion of the City of Utica’s final assessment roll which contains a $7 million increase of the city’s assessed tax base over the past year.

The increase is a direct result of the city’s diligence in successfully marketing foreclosed properties to private developers and putting it back on the tax rolls. This announcement also highlights the success of the Administration’s economic development initiatives, and the high volume of construction occurring throughout the city.

Since 2012, the city has sold over 800 properties, including a dozen major commercial properties to private developers, many of which are located in the downtown/Bagg’s Square corridor. The report is also a testament to the strong working relationship the city has built with national, regional and local developers.

In addition, personnel from the Oneida County Department of Finance provided the city technical assistance to ensure all New York State filing deadlines were met.

Mayor Palmieri stated, “The expansion and increase of our tax base is a result of hard work, and the public-private partnerships we’ve fostered as an Administration. While more work needs to be done to continue this progress, this is a strong validation of our efforts.”