What is an Assessment?
A property’s assessment is a percentage of its market value. All properties in the Town of Chili are currently assessed at 80% of market value. Market value is how much a property would sell for under normal conditions. The Assessment Department estimates the market value of properties based on the sale prices of similar properties.
After a property’s total assessment is determined, its taxable assessed value is computed. The taxable assessed value is the total assessment less any applicable property tax exemptions (i.e. STAR, Aged, Veterans, Disability, etc. – see Tax Exemption Info in Assessor Menu).
How do I Know if My Assessment is Right?
It is up to individual property owners to monitor their own assessments. The Assessment Roll (listing of all assessed values) is available for public review in the Assessment Department at Town Hall and on the town website (www.townofchili.org). Your property’s current assessed value also may be found posted on your individual property tax bills or online at the Monroe County Real Property Portal (see Real Property page in Assessor Menu for link).
If you feel the assessment on your property is a fair representation of your property’s value you do not need to take any action. If you disagree with your assessment, you may contact the Assessment Department to discuss options available for challenging your assessment (see Assessment Review in Assessor Menu).
What Determines the Amount of Property Tax I Pay?
The amount of a particular property’s tax bill is determined by two things:
- The property’s taxable assessment
- The tax rates of the taxing jurisdictions in which the property is located
The tax rate is determined by the amount of the tax levy (budget). The Assessor does not establish tax rates. Tax rates are set by the School Boards, the County Legislature and the Town Board. The function of the Assessment Department is only to establish the value of the property and administration of exemptions.
Assessed Value vs. Market Value and Equalization Rates
Equalization Rates Explained
2023 Equalization Rates – Monroe County
Assessed Value vs. Market Value
Real Property Tax Cycle – Significant Dates
Each year the Town of Chili Assessment Department prepares an assessment roll to be used to levy taxes for the school tax bill in September and the Town/County tax bill in the following January. In order to produce this assessment roll, the Assessor follows the New York State Assessment Calendar. The calendar is as follows for each year:
July 1 – Date of Valuation, as set forth by RPTL (Assessment roll year 2023 valuation date is 7-1-2022; roll year 2024 will be 7-1-2023, etc.)
January 1 – Town and County tax bills are issued.
March 1* – Taxable Status Date, set by NYS RPTL; this is the date “as of” for which condition and ownership are determined for the basis of an assessment; also, Filing Deadline for all exemption applications, must be received by this date.
March through May 1st – Valuation of properties; new construction, data changes, fire damaged, demolished, or subdivided/merged properties; if a property had a building on it March 1st and the building was destroyed March 2nd, the property would be assessed for the building for the upcoming tax year. Taxable status date is set by NYS RPTL.
May 1 – Tentative Assessment Roll is filed; contains assessments for all properties in Chili; available for review on the Town web-page or in the Assessment Department.
May 1 through the 4th Tuesday in May – Assessment Grievance forms (RP-524) are available. These forms must be filled out completely and returned to the Assessment Department on or before the fourth Tuesday in May. This is the formal grievance process and only the assessment on the Tentative Assessment Roll can be grieved.
4th Tuesday in May – Grievance Day-Board of Assessment Review; formal grievance day, appointments to appear in front of the Board of Assessment Review will be made when grievance application is completed with supporting documentation and turned in to the Assessment Department. The Board of Assessment Review (BOAR) is comprised of five (5) Town of Chili residents who have knowledge of real estate values in the Town. The BOAR will hear complaints on the Tentative Assessment as filed on May 1st. The BOAR does not have jurisdiction on tax complaints. The BOAR will make a decision based on evidence submitted to prove the value of the grieved property and will notify the owners of their decision prior to July 1st.
July 1 – Final Assessment Roll is filed; property is valued as of the previous July 1, set by law.
September 1 – School tax bills are issued.
October to April – Assessment reviews; preliminary valuation and informal reviews.
*Taxable Status Date; Volume 8 – Opinion of Counsel SBEA No. 5, Real Property Tax Law Sec 320 and Sec 500; Assessments must be based upon the condition and ownership of property as of taxable status date even if that date falls on a Saturday, Sunday or public holiday; however, in the event of such as the filing of an application for exemption, is extended until the next business day.