Tag: RAR

People often talk about property tax grievances as shifting tax responsibility onto your neighbors, and there is a core truth to this statement. As the NYSORPTS themselves have pointed out, “Taxes are a zero sum game ‐ what one property owner doesn’t pay will be picked up by someone else” I would contend that a…

These are Residential Assessment Ratios, the percentage of market value that makes your assessed value. To determine an assessed value for a property, you multiply the market value by this percentage, that is your assessment. You can also reverse the calculation – to determine the assessed market value, you would divide the assessed value by…