NEW STAR APPLICATIONS - Basic Star applicants will no longer be able to apply in the Assessor's office. It will be a REBATE CHECK, from the Department of Taxation and Finance. Please scroll to the bottom of this page in the documents section, to see more information on this new development.
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.
"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.
Website Disclaimer:Information Disclaimer The City of Hudson is providing information via this Web Site as a public service. The City of Hudson makes no claims, representations, guarantees or warranties as to quality, content, accuracy, completeness, currrency or suitability of the information, text, graphics, photos, links, and other items provided via this web site. Such web site has been compiled from a variety of sources and are subject to change without notice from the City of Hudson as a result of updates and corrections. The City of Hudson specifically disclaims any and all liability for any claims or damages that may result from providing the web site or the information it contains.
Links to Other Sites-Disclaimer The City of Hudson has a policy in place that provides links to web sites as a convenience to users. The City of Hudson makes no representation concerning these web sites and does not assume any responsibility for content found on these web sites. These web sites operate under the auspices and at the direction of their respective owners.