How Property Taxes Are Assessed
The assessed value of your home, set by your Town Tax Assessor, is a key factor in determining whether you’re paying too much property tax. Every town places an assessed value on your home which is a percentage of full fair market value. New York State establishes a ratio (called the Residential Assessment Ratio) which, when multiplied by your Assessed Value, equals the full Fair Market Value. Your Assessed Value is then divided by your local "Tax Rate per $100" to determine your actual property taxes.
Read more about Property Tax Assessment. How Property Taxes Are Reduced
You can't change your "Tax Rate per $100" or the "Residential Assessment Ratio." What can be reduced is the “Assessed Value” of your home, which reduces your taxes. To do this, you must file a Property Tax Grievance with your Town’s Tax Assessor, contesting the assessed value of the property. If proven that your home is worth less than the full fair market value, the assessed value is reduced.
Read More about Property Tax Reduction. Property Tax Grievance
We research your case, file all necessary paperwork with the Town Assessor, and represent the final case in court if necessary. We do not charge any upfront fees whatsoever. Our fees when we win your case are as follows:
- 50% of the first year's savings – all subsequent savings are yours!
- ($30.00 court filing fee if we need to file an appeal.)
- ($75 appraisal fee if useable one is not provided)
Read More about Property Tax Grievance.
Q. WHAT IS A TAX GRIEVANCE?
