The Assessor determines the value of real property, vacant and improved, commonly known as real estate, within the Town. The Assessor maintains the assessment roll, including the physical description, or inventory, of all real property, in the Town. The Assessor also approves and tracks property tax exemptions. The Assessor reviews all transfers of property in the Town verifying unusual conditions of the sale.
Each year every parcel is reassessed and the new tentative assessment is mailed to the property owners May 1. The tentative assessments are available on line, in the Assessor's office, at the Town Clerk's office and at the Putnam County Office of Real Property for review. The Town of Southeast maintains their assessments at 100% of market value with a valuation date of July 1 of the prior year. After the period to hear grievances has passed (see below), the final assessment roll is effective July 1.
Property owners have the right to a review of their assessment for the current tentative roll completed by the Assessor. Grievance applications, with documentation supporting your requested assessed value, must be filed in the Town of Southeast with the Assessor or the Board of Assessment Review. The complaint must be filed on or before the first day the Board of Assessment review meets to hear grievances. The Assessor's Office is open late Wednesday nights in May prior to Grievance Day to further assist the public. The Board of Assessment Review meets on the fourth Tuesday in May for public hearings of grievances. The Assessor has the authority to "Stipulate" to a reduction with a property owner prior to the date that the Board of Assessment Review meets so it is beneficial to a property owner to do their research and make an appointment to meet with the Assessor prior to the fourth Tuesday in May if you feel that you have a valid case. Any reduction agreed to between a
property owner and the Assessor will be ratified by the Board of Assessment Review.