Assessment Information
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Assessment Information
The Real Property Database contains parcel-level information related to the assessment of real property. This information is the basis for the property taxes paid to local governments and school districts.
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COMPLAINT ON REAL PROPERTY ASSESSMENT (RP-524) - For Greivance Day
This form must be filled out correctly and submitted to the Board of Assessment Review to be considered at Greivance Day.
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Uniform Percentage of Value
The percentage of market value (full value) used by an assessing unit to establish uniform assessments. This value must appear on the tentative roll. Real Property Tax Law Section 305 specifies, "all real property in each assessing unit shall be assessed at a uniform percentage of value..."
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Taxable Status Date
The ownership and physical condition of real property as of this date are assessed (valued) according to price fixed as of the valuation date. All applications for property exemptions must be filed with the assessor by this date.
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Residential Assessment Ratio (RAR)
A percentage established by the State Board of Real Property Services according to law, using the ratio of assessed value to the sales price for each usable residential sale in a recent one-year period. Ratios are then listed from highest to lowest; the midpoint (median) ratio is selected as the RAR. The RAR can be used to prove that a residential property is assessed at a higher level than other homes on the assessment roll. Your locality's RAR indicates at what percent of full value residential properties are assessed. For example, a RAR of 20 indicates that residential properties are assessed at approximately 20 percent of their full value.
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Equalization Rate
"State equalization rate" means the percentage of full value at which taxable real property in a county, city, town or village is assessed as determined by the state board." (RPTL Section 102) The rate is a ratio of the sum of the locally determined assessed values for all taxable parcels for a given assessment roll divided by ORPS's estimate of total full value for that same roll.
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Property Sales
Please be aware that ALL sales are shown in the Real Property Data Base (on-line assessments). Not all of these sales are used to determine the value of property during a re-valuation or update. Non-arms length sales would include: foreclosures, estate sales, tax auctions, forced sale such as divorce or bankrupcy, land contracts, sale between friends, neighbors or relatives, trade of property, trusts, life estates, or property not offered on the open market. Also, a multiple parcel sale will show one sale price, which may be for two or more parcels. Please keep these facts in mind when searching for "sales " comparisons.
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Assessment Article from NYS Assessor's Association Bulletin
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