Retired NYT Editor: I May Have to Move Because of Taxes

Image: Retired NYT Editor: I May Have to Move Because of Taxes Retired New York Times managing editor Seymour Topping (Mario Tama/Getty Images)

Wednesday, 13 Aug 2014 11:15 AM

By John Blosser

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
Retired New York Times managing editor Seymour Topping, 92, may have to give up his home of nearly 50 years in upscale Scarsdale, N.Y., because he can't afford to pay double what he paid last year in property taxes.

Thanks to a reassessment of homes in Scarsdale, Topping has seen his property taxes jump  from $43,415 to $85,704 in the past year on a home and two-acre lot that he bought in 1967 for just $80,000, according to the Journal News.

The  home is now valued at $4.2 million. Topping lives there with his wife Audrey, 86, a photographer and author, according to the Journal News.

The revaluation has wealthy Scarsdale residents up in arms and heading to court because, in the 45 years since Scarsdale had its last reassessment, locals with lavish mansions have been riding the coattails of lower-income residents, many of whose homes were overvalued and overtaxed, while the multiacre, multiroomed luxurious residences were undervalued and undertaxed.

In 2012, Scarsdale paid $800,000 to Tyler Technologies of Dallas to perform the assessment of about 5,900 pricey properties in Scarsdale, according to the Journal News.

"Audrey and I are journalists and we covered the wars in Asia before we came home here to live in Scarsdale. We've had a lot of shocks, but this was another kind of shock, when we got our new assessment and the projected increase in our taxes," Seymour Topping told the Journal News.

"Audrey and I have to think now — can we afford to live here? We live on a pension and we're not rich people.

"I was in absolute shock. We looked forward to living out our last years here. Now, it has become impossible to live here unless I borrow money to pay the taxes."

Topping spent more than 30 years with The New York Times, including 10 as managing editor, and retired in 1992.

The rich are striking back. Topping has joined 956 other residents in bringing their cases before the village Board of Assessment Review. If the cases fail, they can go to the state Supreme Court.

Audrey Topping told the Journal News, "It's not easy for us to move out, but the taxes may force us to move from Scarsdale."

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Charles Schumer: Military Quick-Response Plan Not Good Enough

Monday, 20 Oct 2014 18:54 PM

The U.S. military's plan for a quick-response strike team to respond to reported infections of the deadly Ebola virus wi . . .

Tom Slade, Former Fla. GOP Chair, Lawmaker Dead at 78

Monday, 20 Oct 2014 18:29 PM

Tom Slade, who led the Republican Party of Florida as Jeb Bush and the GOP rose to power, died Monday after being hospit . . .

White House: No Social Security Benefits for Suspected Nazis

Monday, 20 Oct 2014 18:12 PM

The White House says suspected Nazi war criminals and former SS guards should not be receiving millions of dollars in So . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved