I have heard several people suggest that the Larchmont tax exemption request is no big deal because it amounts to “only” $38,000 each year. To them I ask, do you want to give $38,000 every year to Larchmont? How about Rye, or Scarsdale, or Pelham? And if so, why?
It is a trick to compare the $38,000 against a budget of $230 million in order to “prove” that is such a small number as to not matter at all. But it matters enormously.
Every year many New Rochelle residents go to City Hall to contest their property taxes, arguing that their homes are overvalued. And in many cases, their assessments are lowered and they owe New Rochelle less in taxes. But that does not mean that New Rochelle receives less tax revenue. It means the tax burden is then reapportioned among the other residents.