Politics & Government

Assessor’s comp plan report stresses Woodstock’s stability

Assessor’s comp plan report stresses Woodstock’s stability

Challenges include traffic and parking problems; the town’s loss of mortgage tax income due to the numbers of Brooklynites purchasing homes with cash; a loss of long-term rentals to the Airbnb phenomenon, and shifts to the local equalization rate that are getting fueled by short term rentals which raise the value of local homes not seen until after they sell.