Mr. Jacobowitz, with your knowledge and insight into the ramifications of this village board action, I'm wondering if you, as a vested village taxpayer, might have apprised the mayor and board of this consequence beforehand. I know it's been increasingly difficult in recent years to even form a board of assessment from knowledgeable residents willing to give of their time for this purpose.

Mr. Jacobowitz -

You state that everyone in the Village will have their assessments increased due to this action. How would that happen giving that property values have plummeted so much? I thought the tax assessment was based on the assessment of full market value? I understand that when property values drop the assessor may not make a great change in assessment, if any, but I do not understand how they would increase for everyone.

Would you mind giving the readers some more insight on the how and why of that assertion? I am interested in more knowledge, and would be thankful.