RP-525 (9/04)
NEW YORK STATE DEPARTMENT OF TAXATION & FINANCE
OFFICE OF REAL PROPERTY TAX SERVICES
NOTICE OF DETERMINATION OF BOARD OF ASSESSMENT REVIEW
For ______________________________________
(city, town village or county)
Tax map section/block/lot #
Location of property if different than
address of Complainant
Name and address of Complainant
The tentative assessed value of $________________________ for this property:
a.
has been reduced to an assessed value of Land $__________ Total $______________
if this box is checked, assessment has been reduced to amount claimed in complaint
b.
has not been reduced
Your complaint was based upon a contention that your assessment should be changed because of the following:
Assessed Valuation
Exemption
Classification
Other
The Board of Assessment Review has made this determination for reason set forth below:
Assessed Valuation
a. The current full market value of your property was determined to be $
(1)
The proof of value you presented was adequate to support reduction granted.
(2)
The proof of value you presented was inadequate because
i.
the supporting data was insufficient
ii.
sales were not comparable to your property
iii. the written appraisal was incomplete
iv. the income and expense statement was incomplete (income producing property)
v.
the construction cost details were incomplete.
b. The uniform percentage of value applicable in this assessing unit is
(1)
The proof of assessment ratio that you presented was adequate to support reduction granted.
(2)
The proof of assessment ratio that you presented was inadequate because:
i.
insufficient evidence was used in calculating an assessment ratio
ii.
sufficient evidence was presented by the assessor to refute the residential
assessment ratio (RAR) or the State equalization rate
iii. the State ratios are inapplicable due to revaluation
iv. the ratio that you presented was not the correct residential assessment ratio (RAR)
v.
the rate that you presented was not the correct State equalization rate.
c. The physical characteristics and inventory of your property were determined to be:
(1)
correct
(2)
incorrect.
cont.