Show All Answers

1. What is the Residential Assessment Ratio (RAR)?

The Residential Assessment Ratio (RAR) is defined as a value equal to the level of assessment of residential property. The RAR is used by the Assessor as a general measure of assessment equity and by taxpayers to determine the market value based on the assessed value that the Assessor has placed on the property.

2. What is the Equalization Rate (ER)?

The Equalization Rate (ER) is the State of New York’s measure of a municipality’s level of assessment – it is a multiplier used to equalize assessed value into market value. In other words, by applying the equalization rate to the assessed value you will get an estimate, based on the Town's records, of the current market value of the property. Note that this is not necessarily what your house would sell for in a particular housing market.

3. What is my assessed value and/or land value?

All assessed and land values are on the tax bill. Any questions, call the Assessor's Office, (631) 957-3014.

4. How can I convert my assessed value to market value?

You can calculate the Assessor’s estimate of your property’s market value by dividing the assessed value by the Equalization Rate (ER)/Residential Assessment Ratio (RAR). Most of that information can be found on the property tax bill or by calling the Town Assessor's Office at (631) 957-3014.

5. How are property assessments calculated?

There are many variables that help to calculate a property's value: location, size, square footage, condition and any amenities. A property owner should contact the Town Assessor's Office to discuss their current assessment.

6. How does a property get a house number assigned?

The Town Assessor's Office works in unison with the local United States Postal Service Office to assign property address numbers.