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WELCOME TO THE CITY OF JAMESTOWN
DEPARTMENT OF ASSESSMENTS
RANDALL G. HOLCOMB, IAO
ASSESSOR
CITY HALL
200 E. THIRD STREET
JAMESTOWN, NEW YORK 14701
PHONE: (716) 483-7510
FAX: (716) 487-2853
NEWEST ADDITION to Assessor's Website:
Property owner's names have now been added to the website, as well as a search engine to search by the property owner's names.
The City of Jamestown Department of Assessments webpage has been created to assist with researching information, assessments and sales of properties located in the City of Jamestown.
The GOAL of the Assessor's Office staff is to determine the fair and equitable assessment for your property.
The last update to the website was on Tuesday - January 12, 2010
The City of Jamestown 2009 Proposed Equalization Rate: 100.0%
At its simplest, an equalization rate is the state’s measure of a municipality’s
level of assessment
(LOA). This is the ratio of total assessed value (AV) to the municipality’s total market value (MV). The municipality determines the AV; the MV is estimated by the state. The equalization rate formula is:
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Total Assessed Value (AV) |
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Equalization Rate |
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Total Market Value (MV) |
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Equalization rates do not indicate the degree of uniformity among assessments within a municipality. (More information regarding uniformity is available from
Fair Assessments - A Guide for Property Owners
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What does your equalization rate mean?
An equalization rate of 100 means that the municipality is assessing property at 100 percent of market value.
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An equalization rate of less than 100 means that the municipality’s total market value is greater than its assessed value.
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An equalization rate of greater than 100 means that the total assessed value for the municipality is greater than its total market value.
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There would be no need for equalization if all municipalities assessed all property at 100 percent of market value every year.
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The City of Jamestown 2009 Level of Assessment : 100.0%
LEVEL OF ASSESSMENT BASICS
The Level of Assessment (LOA) is simply the percentage of full value at which properties are assessed within a community. For instance, an LOA of 50% would indicate that assessments are at half of the market value; an LOA of 100% represents a community that is assessing at full value.
In most states, assessments are required to be recorded at a single LOA, most commonly 100%. However, in New York State, each municipality is allowed to choose its LOA.
In New York, no matter what LOA the municipality uses, all of the assessments in the community are required by law to be at a “uniform percentage of value.” In other words, if a town chooses to assess at 40% of market value, then all of the properties in the town should be assessed at 40%. (Only New York City and Nassau County are authorized by State Law to assess each of four specific classes of property at different levels.)
WHERE TO FIND THE LEVEL OF ASSESSMENT
Beginning with Governor Pataki’s “Property Taxpayers’ Bill of Rights” in 1998, property tax bills are required to show the municipal LOA and the full value of the individual property. In addition, since 1999, the assessor is required to state the LOA on the tentative assessment roll. (In most municipalities, tentative assessment rolls are published on May 1.)
SYSTEMATIC ANALYSIS AND THE LOA
Since assessors are required, each year, to publicly state the LOA on the tentative assessment roll, and in most communities property values will change from year to year, assessors generally begin the process by analyzing the past year’s assessment roll. In order to analyze changes in the values in the community, a four step process, known as systematic analysis, is recommended.
The City of Jamestown 2009 Residential Assessment Ratio: 100.00%
What is a RESIDENTIAL ASSESSMENT RATIO?
RPTL Article 7, Title 1 - A, Section 738 mandates the calculation of Residential Assessment Ratios (RARs) annually. RARs are used by Assessors as a general measure of assessment equity and by taxpayers in board of assessment review grievances and/or small claims hearings.
RARs are
NOT issued for:
municipalities currently conducting revaluation projects; or
who have fewer than 5 residential usable sales that year.
The RAR is certified by the State Board no later than sixty days prior to the last day provided by law for the filing of the tentative assessment roll. The certified RAR and the number of sales used in its calculation are sent to the Office of Court Administration and to the appropriate County Director, County Clerk and Assessor. When an RAR is established for New York City, it is certified to the New York City Tax Commission. In all cases, an informational copy is forwarded to the Chief Executive Officer of the assessing unit.
The City of Jamestown Department of Assessments webpage has been created to assist with researching information, assessments and sales of properties located in the City of Jamestown.
The GOAL of the Assessor's Office staff is to determine the fair and equitable assessment for your property.
The last update to the website was on Tuesday - January 12, 2010.
The City of Jamestown is a full value city which means that the assessment on your property
should reflect current market value.
How your assessment is determined:
Fair and equitable assessments for the City of Jamestown’s 15,000 parcels involves many steps and an entire year’s worth of work.
This is completed every year for the entire municipality.
First we determine which areas of the city are appreciating in value at a more rapid rate than other areas. This is done by studying the ratios of sales prices to current assessments.
When we see that a section of the city, also known as a neighborhood, is consistently selling for more than the assessed value, those assessments are no longer “full value” and need to be adjusted to a “full value” assessments again.
We use current sales of similar properties to set values on other property in the same or similar area. We do attempt to verify every transfer that occurs to ensure that it was an arms length sale, as opposed to a sale to a relative, foreclosure or had some other unusual factors. We also verify that what was sold matches the information in our inventory.
We then make adjustments to the sales property and their value to come as close to “your” property as possible. This new estimated “current value” is then compared to the neighborhood to maintain equity on the street and in the neighborhoods.
We then utilize these values, based on verified sales, to set a preliminary value on the properties in each of the inequitable neighborhoods.
The next step is to verify theses market documents in the field by driving by each parcel determine if there are any obvious inaccuracies in data on each parcel. If corrections are called for, they are entered into the computer and a new market document is run. This new value is the one you see on your mailed change of assessment notice.
Please take the time to verify your data and value.
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JAMESTOWN CITY SCHOOL DISTRICT |
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For:
September, 2009 |
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Multiply the following tax rates by the 2009 taxable assessed value: |
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FULL VALUE TAX RATE: |
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JAMESTOWN-CITY |
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18.583950 |
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KIANTONE |
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18.773855 |
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BUSTI |
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18.585339 |
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ELLICOTT |
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18.585339 |
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CARROLL |
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18.585339 |
_______________________________________________
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CITY OF JAMESTOWN
COUNTY OF CHAUTAUQUA |
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For:
JANUARY, 2010
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Multiply the following tax rates by the 2009 taxable assessed value:
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FULL VALUE TAX RATE: |
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JAMESTOWN: |
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CITY TAX: |
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20.61 |
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CHAUTAUQUA COUNTY: |
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8.28 |
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COUNTY TAX: |
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D
ownloadable PDF Exemption Forms and Instructions:
D
ownloadable PDF Exemption Forms and Instructions:
CITY OF JAMESTOWN
IMPORTANT ASSESSOR CALENDAR DATES:
MARCH 1ST:
TAXABLE STATUS DATE
MAY 1ST:
TENTATIVE ASSESSMENT ROLL
MONTH OF MAY:
GREIVANCES:
BOARD OF ASSESSMENT REVIEW HEARINGS
JULY 1ST:
FINAL ASSESSMENT ROLL DATE
NOVEMBER –
EXEMPTION APPLICATION FILING PERIOD
FEBRUARY:
SEPTEMBER 1ST:
SCHOOL TAX BILL MAILED
(MAY BE PAID PENALTY FREE DURING THE MONTH OF SEPTEMBER)
JANUARY 1ST:
CITY & COUNTY TAX BILLS MAILED
(MAY BE PAID PENALTY FREE DURING THE MONTH OF JANUARY)
If you have any questions or comments, or to report technical problems, suggestions or improvements for this application, please call the Assessor's Office at 716-483-7510, write to us at Assessor's Office, 200 E. Third Street, Jamestown, NY 14701, or contact us by email at
assessor@cityofjamestownny.com
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