Every property has an assessed value which is suppose to be the full fair market value. NYS establishes this percentage (the Residential Assessment Ratio/RAR) which is divided into your assessed value to calculate your property's full fair market value. Your property tax bills are calculated by multiplying your assessment times the tax rate. While we can't change your tax rate or RAR, we can reduce your assessment, which proportionally reduces your taxes. To do this, a Property Tax Grievance must be filed, contesting your assessment.
1. Form RP-524 or Complaint on Real Property Assessment is filed before the Board of Assessment Review (BAR) with supporting documents on the grounds of Unequal, Excessive, Unlawful Assessment, Misclassification.
2. BAR review all grievances filed (can take several months), and notifies all property owners whether their grievance resulted in a reduction of assessed value, or was declined. In most cases BAR complaints are denied on essential a pro-forma basis. Appeal of this decision is necessary in Supreme Court.
3. Depending on the property type and specifics of the case, the appeal may be made in Small Claims Assessment Review (SCAR) or by Article 7 proceeding. Cases are then scheduled for trial anywhere from six to eighteen months from the date of appeal filing depending on the jurisdiction.