The New York State Office of Real Property Services (ORPS) is statutorily obligated to administer an equalization program in order to assure equitable property tax allocation among nearly 4,000 taxing jurisdictions in New York State, and to insure the proper allocation of State Aid to Education funds, among other purposes. Equalization seeks to measure the relationship of locally assessed values to an ever-changing real estate market. Each year, ORPS calculates equalization rates for each of the state’s more than 1,200 assessing units.
Equalization Rate
Is New York State's measure of a municipality's level of assessment. This is the ratio of the municipality's total assessed value to the municipality's total market value. The municipality determines the assessed value and the market value is determined by the state. The formula is Total Assessed Value divided by Total Market Value equals Equalization Rate.
Residential Assessment Ratio
This is determined by using the sales of residential properties, one, two or three family structures, annually in a certain time period in the assessment calendar. These sales after meeting certain criteria determined by New York State are then used in the following formula to create the municipality's ratio. Taking the Assessed Value divided by the Sales Price equals the Residential Assessment Ratio.
Level of Assessment (LOA)
The Level of Assessment is simply the percentage of full value at which properties are assessed within a community. For instance, an LOA of 50% would indicate that assessments are half of the market value; an LOA of 100% represents a community that is assessing at full value.
2012 EQUALIZATION RATES AND LEVEL OF ASSESSMENT
|
Type |
Municipality |
RAR |
State |
Level of |
|
County |
Monroe |
99.28 |
||
|
City |
Rochester |
100.00 |
100.00 |
100.00 |
|
Town |
Brighton |
96.06 |
100.00 |
100.00 |
|
Town |
Chili |
100.00 |
100.00 |
100.00 |
|
Town |
Clarkson |
98.41 |
100.00 |
100.00 |
|
Town |
Gates |
100.00 |
100.00 |
100.00 |
|
Town |
Greece |
100.00 |
100.00 |
100.00 |
|
Town |
Hamlin |
97.74 |
100.00 |
100.00 |
|
Town |
Henrietta |
100.00 |
100.00 |
100.00 |
|
Town |
Irondequoit |
100.00 |
100.00 |
100.00 |
|
Town |
Mendon |
100.00 |
100.00 |
100.00 |
|
Village |
Honeoye Falls |
100.00 |
100.00 |
|
|
Town |
Ogden |
100.00 |
100.00 |
100.00 |
|
Village |
Spencerport |
100.00 |
100.00 |
|
|
Town |
Parma |
100.00 |
100.00 |
100.00 |
|
Village |
Hilton |
100.00 |
100.00 |
|
|
Town |
Penfield |
100.00 |
100.00 |
100.00 |
|
Town |
Perinton |
100.00 |
100.00 |
100.00 |
|
Village |
Fairport |
100.00 |
100.00 |
|
|
Town |
Pittsford |
100.00 |
100.00 |
100.00 |
|
Village |
Pittsford |
100.00 |
101.69 |
|
|
Town |
Riga |
100.00 |
100.00 |
100.00 |
|
Village |
Churchville |
100.00 |
100.00 |
|
|
Town |
Rush |
100.00 |
100.00 |
100.00 |
|
Town |
Sweden |
100.00 |
100.00 |
100.00 |
|
Village |
Brockport |
100.00 |
100.00 |
|
|
Village |
Brockport |
100.00 |
100.00 |
|
|
Town |
Webster |
91.47 |
91.00 |
91.00 |
|
Village |
Webster |
91.47 |
91.00 |
|
|
Town |
Wheatland |
100.00 |
100.00 |
100.00 |
|
Village |
Scottsville |
100.00 |
100.00 |
|
|
Town |
East Rochester |
100.00 |
100.00 |
100.00 |
* As reported by the Assessor. Section 305-2 of the Real Property Tax Law requires that all real property be assessed at a uniform percentage of market value. (In Nassau County and New York City the uniform percentage is not municipal-wide, but applies to property classes). Most villages are not required to report a uniform percentage.
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