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New York State Association of County Directors of Real Property Tax Services (NYSACDRPTS) |
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Affiliate, New York State Association of Counties (NYSAC @ http://www.nysac.org/) |
Assessment Administration
The Property Tax - Tax Collection & Enforcement
Property Tax Relief
Property Tax Policy & Related Reports
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WHAT IS THE PREMISE OF THE PROPERTY TAX?
The premise is that property owners will pay taxes based on the value of their property.
WHAT IS THE ASSESSMENT FUNCTION?
The principal assessment function is the determination of property values for use in the collection of the property taxes.
WHAT IS THE JOB OF THE ASSESSOR?
Go to http://www.orps.state.ny.us/pamphlet/assessjo.htm
WHAT IS A REASSESSMENT (SOMETIMES REFERRED TO AS REVALUATION OR UPDATE)?
Reassessment means a systematic review of the assessments of all locally assessed properties, valued as of the valuation date of the assessment roll containing those assessments, to attain compliance with the standard of assessment set forth in subdivision two of section 305 of the Real Property Tax Law.
Source: http://www.orps.state.ny.us/legal/rules/part185/sub185-1.htm
WHAT IS AN APPRAISAL?
An appraisal is an estimate of value, typically for an individual property, as of a specific date.
WHAT IS A MASS APPRAISAL?
A mass appraisal is valuation of a universe of properties, e.g., a municipality, as of a specific date.
WHAT IS AN ASSESSED VALUE (ASSESSMENT)? What DO I DO IF I DISAGREE WITH MY ASSESSMENT? HOW DO I KNOW IF I AM ENTITLED TO AN EXEMPTION OR TAX CREDIT?
An assessed value is the market value or a percentage of market value determined by the assessor as of a specific date minus any applicable exemptions.
HOW DO I KNOW IF THE ASSESSOR HAS THE RIGHT INFORMATION ON MY PROPERTY OR MY NEIGHBORS WHO RECENTLY IMPROVED THEIR PROPERTY?
All property owners are encouraged to review their property record when their assessment changes at a minimum.
Contact your local assessor(s) first and read the publication "What to do if you disagree with your Assessment"
You are typically entitled to an exemption if you are receiving one. However, you can go to http://www.orps.state.ny.us/home/tpe_index.cfm to find out if there is another exemption you may be eligible for. In many cases some taxing districts offer exemptions that other taxing districts may not. So if you find something you could be eligible for contact your local assessor’s office to find out if you can get the exemption in question.
WHAT IS A CORECTION OF ERROR?
A correction of error in
WHAT IS THE PREMISE OF THE PROPERTY TAX? WHAT IS A PROPERTY TAX? WHAT IS A TAX RATE? WHAT IS A MILL RATE? WHO DETERMINES THE TAX RATE? WHAT IS THE DIFFERENCE BETWEEN ASSESSMENTS AND TAXES? HOW DO I CALCULATE MY REAL ESTATE TAXES? WHAT IS YOUR PROPERTY TAX BILL TELLING YOU? WHAT IS A TAXING DISTRICT? WHAT IS A LEVY (PROPERTY TAX LEVY)? WHAT WOULD HAPPEN IF A TAXING DISTRICT CONDUCTING A REASSESSMENT PASSED A TAX LEVY WITH A ZERO (0) INCREASE? For example, a hypothetical taxing district consists of two (2) properties. As of the last reassessment property #1 is valued at $100,000 and property #2 is valued at $150,000. These values remain the same until the current reassessment. As part of the current reassessment property #1 increases in value to $200,000 and property #2 increases to $200,000. If the total tax levy, the amount of money to be raised through the property tax was $7,500 last year and there was no increase this year, the tax liability for property #1 would increase and the tax liability for property #2 would decrease. See the following table.
LAST REASSESSMENT CURRENT REASSESSMENT Property Property #1 Property #2 Property #1 Property #2 Assessed Value $100,000 $150,000 $200,000 $200,000 Tax District $7,500 $7,500 $7,500 $7,500 Tax Rate $30 $30 $18.75 $18.75 Tax Liability $3,000 $4,500 $3,750 $3,750
As you can see, although the tax levy has not changed, property #1 had a greater change in value than property #2. As a result its tax burden increased for property #1 and decreased for property #2. WHAT ARE MYTHS AND MISUNDERSTANDINGS ABOUT THE PROPERTY TAX?
The premise is that property owners will pay taxes based on the value of their property.
A property tax is an “Ad Valorem” Tax. This means it is a tax based on value, i.e., the value of property.
The amount per dollars of of assessed value to be paid in taxes.
A mill rate is another term used for tax rate when the tax rate is expressed in tax dollars per every thousand dollars of assessed value.
The local legislative body of each taxing district determines the tax rate with input from the public and other officials.
Go to http://www.orps.state.ny.us/assessor/resources/pubrelations/asmt_vs_tax.htm+
Typically the assessed value is divided by one thousand (1,000) and multiplied by the tax rate per thousand.
Go to http://www.orps.state.ny.us/pamphlet/taxbrgts.htm
A taxing district is an entity that can levy a property tax, e.g. County, Town, Village,
A tax levy is the amount of revenue that a taxing district decides is needed to be raised through the property tax.
All property is in a taxing district does not necessarily change in value between the date of value for the last reassessment and the date of value for the current reassessment. As an individual property value changes, its relationship to the total property value in a taxing district changes.
Tax Levy
HOW CAN I APPEAL TAXES?
You can not formally appeal property taxes. However, you can provide input to your locally elected officials for each taxing district.
Go to http://www.orps.state.ny.us/pamphlet/myths.htm
WHAT IS A CIRCUIT BRAKER PROGRAM?
A circuit breaker program generally reduces property taxes that rise above a given level of income for eligible tax payers by providing a state income tax credit.
WHAT ARE CLASSIFIED TAX RATES?
Classified tax rates are when different tax rates apply to different types of property, e.g.,
WHAT IS A TAX DEFERRAL?
A property tax deferral generally allows qualified taxpayers to delay specified property tax payments and remain in their homes until transfer or death. Currently there is no general law allowing local governments in
WHAT IS AN EXEMPTION?
A full/total or partial exemption is the reduction in the assessed value for individuals or parcels (property) that meets the exemption criteria.
Disclaimer: The statements made or opinions expressed by authors of these documents do not necessarily represent a policy position of the
WHY HAVE A PROPERTY TAX?
The property tax is an important part of any well-balanced revenue system for a community. Property taxes fund such things as schools, fire and police protection, streets, libraries and other public benefits. The property tax allows these services to be funded in proportion to the amount of money individual properties are worth. The property tax is also a more stable source of money compared to sales and income taxes because it does not fluctuate when communities have recessions or for other reasons an individual's income might fluctuate. In general, when a community spends more tax dollars on better schools, parks, streets and other public benefits and services, the property values rise and community members will ultimately benefit. Source: http://www.iaao.org/sitePages.cfm?Page=34
A Brief History of Property Tax
Property Tax Assessment Limits
Lincoln Institute of Land Policy
NYS Municipal Websites
NYS Association of School Business Officials
Disclaimer: The statements made or opinions expressed by authors of these videos do not necessarily represent a policy position of the
Assessment Time
Educational Videos About the Assessment and Property Tax Systems
Disclaimer: The statements made or opinions expressed by authors of these videos do not necessarily represent a policy position of the
Valuation Matters (Issues and trends affecting valuation, assessment, and property taxes)
