GRIEVING PROPERTY TAXES…Everything you need to know.
Grieving property taxes can yield a cost savings for local taxpayers. All municipalities in Westchester County, including Rye and Harrison, have a Grievance Day – a specific day to hear property tax appeals. In 2018, that day is Tuesday, June 19th. The tax grievance period this year is is June 1st-June 19th. To do the math homeowners need their total assessed property value and the current Residential Area Ratio (RAR).
ASSESSMENTS
Before pursuing formal review of your assessment, you should first determine if you are assessed fairly. Click HERE to read about the steps in this process.
In Rye you can find your assessed value by going to joanomeara.com – Click Rye City/Online Services/Property Tax Search. Enter your address and you will see the Total Assessed Value. For Harrison go to joanomeara.com – Click on Town of Harrison/Departments/Assessor/Final Assessment Roll.
RESIDENTIAL ASSESSMENT RATIO (RAR)
The RAR is an indication of the level of assessment for residential real property in a municipality. It is a measurement of the overall ratio of the total assessed value of residential property in the municipality compared to the full market value of that residential property. The RAR can be used by homeowners in a Board of Assessment Review (BAR) grievance and in a Small Claims Assessment Review (SCAR) hearing. Bottom line is your assessed value divided by the RAR will tell you what the city/town has your house valued at for tax purposes. The state issues updated RARs annually around this time of year. The new RARs were just issued in April. Rye = 1.53% and Harrison = 1.57%
Examples to Calculate your House Value for Tax Purposes:
Rye City RAR of 1.53% for 2018
Total Assessed Value of $30,500/1.53% = $1,993,464
Town/Village of Harrison RAR is 1.54% for 2018
Total Assessed Value of $30,500/1.54% = $1,980,519
Helpful Links and Forms to Grieve your Taxes:
Rye: To download the form and the instructions on the City of Rye Website then look under Permit & Forms/Tax.
In Harrison: Applications are available in the Assessor’s Office in Town Hall (1 Heineman Place).
For more information on RAR click HERE. For more information on property assessments click HERE.
If you have any questions about this process please feel free to reach out to Joan at jomeara@houlihanlawrence.com or 914.329.5329
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