Loon Lake association ~ Town of Wayland, New York 14572
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NOTICE TO ALL LOON LAKE RESIDENTS (LL Residents are residents of the Town of Wayland, NY)
The Town of Wayland has contracted with Garr Enterprises to collect data for property valuation beginning the week of October 6, 2025. (Residents do have the right to refuse Garr Enterprises permission to be on their property.) Every year, New York State does an audit of property values in municipalities and the TOW's equalization rate has dropped to 75% over the years. The state requires 100% equalization rates. Search property valuation on Google for a clear explanation of the term.
Discrepancy example: A recent lake property was valued at $228,000 yet recently sold for $560,000. That is a problem for New York State.
The final valuation notice/paperwork will not be ready to share with residents until late 2026 so.... no need to panic at this time. Questions? Feel free to call the Town of Wayland office.
(9/30/25)
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