Linda Y Yancey - ASA, IAO, CCD- Town Assessor, NYS Certified General Appraiser

Assessment Information

Table Of Contents:

Exemption Information
Other Information
Links
FAQs
Images

- The Town Board will be passing the Cold War Veterans' Exemption. This exemption is for military persons that served for at least a full year of active service during a non-war status time and who do not qualify for the Alternate Veterans Exemption. Oneida County has passed it also. Applications are in the Assessor's Office. You would need a DD214 and proof of residency as it is on your primary residence only for a 10 year period.

- Tonya Brown is taking applications now for the Enhanced Star before folks head south to reduce confusion in the spring. She would need a copy of your 2007 income tax form to qualify you for the exemption.

New residents need to apply for exemptions prior to March 1, 2009, in order to get the reductions for the 2009-2010 tax periods.

- We are starting a new Comprehensive Review of Land Use Regulations with a committee that meets once a month. We will be asking people from the community to give input and will be developing a survey that will be on the web site.

- Soon the assessment data will be on the internet. We are working with Digital Towpath to get it done.

- There is a current sales file in our office for your review any time the office is open. We are open every business day from 9 AM to 4 PM. The only time we are not available is when we attend school or the Assessors meetings.

EXEMPTION INFORMATION:

Basic Star
- No age requirements
- No income limitations
- You must own the home & it must be your PRIMARY residence
- One-time application (until you move or become 65 years old)
- Applications must be filed on or before March 1st
- Approximate savings = $400 (applies only to School Tax)
Enhanced Star

- Must be at least 65 years old
- Income limits apply (for 2008, income cannot exceed $ 70,650 (AGI 2006 tax form 1040)
- You must own the home & it must be your PRIMARY residence
- You must re-apply every year unless you qualify for the Income Verification Program (come into the Assessor’s Office for details)
- Applications must be filed on or before March 1^st
- Approximate savings = $600 (applies only to School Tax)
Low Income Senior Exemption
- Must be at least 65 years old
- You must own the home for at least 1 year prior to application & it must be your PRIMARY residence
- Income limits apply (for 2008, actual 2007 income cannot exceed $22,900)
- Savings are pro-rated ….County, Town, School and Village percentage savings are determined by income level
- This exemption can apply to all taxes except Special District Charges
- Applications must be filed on or before March 1^st
- Approximate savings varies depending on income
Veterans Exemptions
- War-time Vet ( 15%), Combat Vet (25%) and Veteran Disability (50% x percentage of disability) exemptions are available (up to cap)
- Must be the PRIMARY residence of the veteran
- Your DD-214 must accompany your application
- Active Duty during specific periods of war
- Savings on County/Town tax only
- Applications must be filed on or before March 1^st
- Click here for instructions
- Click here for application
Other Exemptions Available:
- Low-Income Disability
- Volunteer Fireman
- Forest Land of over 50 acres
- Clergy
- Non-for-Profit
- Business (Business Investment= minimum of $10,000)

Further information may be obtained by talking to the Assessor, Linda Y Yancey ASA, IAO, CCD. The office is open everyday 9 AM to 4 PM. Clerk Tonya Brown is there most hours.

The Town of Forestport did a revaluation in 2007. It had not been done since 1991. The Town has opted into the tri-annual update plan with the State. The next revaluation will be 2010.

Other information:

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..."

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.

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.

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.

Exemption Forms Online from the Office of Real Property Services All of the exemption forms used by the State Officve of Real Property Services are available from this link. However, many of these exemptions are not available in Oneida County, the Town of Forestport, or within your school district. Contact the Assessor with specific questions if unsure.
How to File for a Review of Your Assessment
Link to General Information

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..."
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.
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.
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.

Tonya Brown - Assessor's Clerk