To help answer inquiries on this topic, please review the following information with respect to the Clearview Farms assessment process and the impact on your taxes. Here are the facts regarding Clearview Farms and your Tax bills.
Fact 1 – Clearview Farms was purchased in 2022 by Downing CW TIC I LLC and Downing CW TIC II LP for ~$49 million dollars. At the time of purchase, Clearview Farms was assessed at ~$9.6 million dollars.
Fact 2 – For the 2023 (school)/2024 (Town) tax roll, Clearview Farms had its assessment raised to ~$45 million dollars. This led to a reduction in your tax bills for the 2023/2024 year.
Fact 3 – For the 2024/2025 tax roll (current), the assessment on Clearview Farms was reduced to ~$9.6 million dollars.
This created a ~$35 million dollar ($45 million - $9.6 million) loss in assessed value for the 2024/2025 tax roll. The impact of this was somewhat mitigated by other changes on the tax roll. Nevertheless, the impact on the final 2024/2025 tax roll was a ~$24 million dollar reduction.
As you may know, the current school year taxes for Wheatland residents within the Wheatland Chili School District have been negatively affected by this change. We are working to reduce the impact of the assessment change on your ‘Town tax rate’ for the coming January 2025 tax bill.
Note that this information was presented by the Town Assessor in an open Town Board meeting earlier this year. The Supervisor and the members of the Town Board are prohibited from influencing the Assessor and do not control the assessment of real property.
Please feel free to contact the Town at 585.889.1553 with any questions or concerns, either the Assessor (ext. 105) or me (ext. 104).
Respectfully.
Jim Kirch, Town of Wheatland Supervisor