There are three primary approaches to the valuation of real property: Typically, residential properties are valued based on market – current sales transactions. The cost approach
New York State Real Property Tax Law Section 305 states that all properties are to be assessed uniformly. New York does not mandate full value assessments. Therefore,
Property owners should annually review their property assessment. Depending on how your municipality assesses property, whether at full market value or at a fraction of
The assessor is typically an appointed official in each municipality and is obligated by New York State law to maintain assessments at a uniform percentage
By F. Cindy Baire, Member, GAR Associates If your municipality is conducting a reassessment project, your property assessment (current market value) may increase however your
Tax rates are calculated by local jurisdictions which determine tax rates. The taxing jurisdiction (school district, municipality, county, special district, villages) develops and adopts a budget. It then determines the amount of revenue collected from all sources (state aid, sales tax revenue, user fees, etc.) other than the property tax.
Is your municipality conducting a reassessment or considering one? Here are some facts you need to know about reassessments.
On this episode of the GARCast, Cindy Baire talks with GAR CEO David Barnett about where the real estate market is headed in the next 12 to 24 months and how GAR continues to look for ways to provide solutions and efficiencies for its clients.
As Uniland Development Co. progresses slowly with its plans to overhaul Eastern Hills Mall into a mixed-use town center, another retail plaza up the street
There is no question that the spike in home prices and the more than doubling of mortgage rates has made it much harder to afford
On the latest episode of The GARCast, Cindy Baire talks with GAR’s Accounting/HR Coordinator Diane who talks about staying current on HR policies and legislation, and her victory in GAR’s Tabletop Pickleball Tournament.
You’re in the market for a new home, but those prices seem out of reach. At what point is it better to rent rather than
