Town Of Webb: Assessment Information: Assessment Information [Digital Towpath]

The tables below illustrate the Tax Rates for Town of Webb & Herkimer County for the current 2008 fiscal year and for the TENATIVE rates for 2009 based on the proposed 100% reassessment values. Please note that the TAX RATE is calculated by dividing the LEVY by the TAXABLE amount.

The 2009 Tax Rate Table is based on the Tentative Taxable value of all properties (before adjustments are determined by the Assessor following reviews) and the LEVY from the past year - not the actual LEVY which will be determined when the budgets, both County & Town, for 2009 are approved later this year. If either variable changes, the tax RATE will change as well.

2008 TAX RATES Table

	2008 Taxable	2008 Levy	2008 Rate
Town of Webb	1,451,013,099	3,012,175.50	2.0759120
Herkimer County	1,452,490,375	9,358,168.90	6.4428440

2009 TENATIVE TAX RATES Table

	2009 Taxable	2009 Levy	2009 Rate
Town of Webb	2,175,222,768	3,012,175.50	1.384766
Herkimer County	2,177,413,894	9,358,168.90	4.297836

Assessor James Fresco Town of Webb Park Avenue Building Offices 183 Park Ave. Old Forge, NY 13420 Phone: (315) 369-6880

Town of Webb Real Property Assessment Information
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.