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What if I have Questions About My Assessment?- The Town of Greece Assessor's Office is available to answer your questions and to insure you fully understand the proces... (more)
- The Town of Greece Assessor's Office is available to answer your questions and to insure you fully understand the processes and procedures involved in calculating your assessment. For more information please contact us Monday through Friday 9 am to 5 pm at 723-3612.
(FAQ10547)
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When the calculations are complete, will I be notified of my new assessment?- Yes, provided there is a change. All property owners will be notified of their new assessments. Mailings will be sen... (more)
Yes, provided there is a change. All property owners will be notified of their new assessments. Mailings will be sent to the owner's address of record and the Assessor's Office will have a listing should you wish to stop by in person.
(FAQ10543)
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What are the options available to challenge my assessment?- Please visit our website for more information: ... (more)
- Please visit our website for more information:
Assessment Review/Grievance Process
(FAQ10220)
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What are the differences between market value, assessed value, and sales price?- Market Value: The probable price that a willing buyer would pay to a willing seller in an open real estate market wi... (more)
Market Value: The probable price that a willing buyer would pay to a willing seller in an open real estate market without restrictions or special considerations.
Assessed Value: The value of property on which taxes will be calculated. In Greece this will be as close to "market value" as possible.
Sales Price: The amount actually agreed upon to transfer ownership. This may be greater or lesser than the market and/or assessed values.
(FAQ10542)
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What is an Assessment?- A property's assessment is a calculated level of market value. The Town of Greece works diligently to keep the assessmen... (more)
- A property's assessment is a calculated level of market value. The Town of Greece works diligently to keep the assessment as close to 100% of market value as possible. The Assessor utilizes standard practices and procedures to uniformly assess the properties within this jurisdiction. Once the property's total assessment is determined, its taxable assessed value is computed by applying any property tax exemptions which will reduce the level of the tax bill to be paid
(FAQ10546)
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How is the valuation update performed?- Market data and property information is constantly being reviewed by the Assessor's staff. This information will be used... (more)
- Market data and property information is constantly being reviewed by the Assessor's staff. This information will be used to determine the assessed value of property. Other tools such as computer models and specialized software will also assist in the valuation update process.
(FAQ10540)
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What Determines the Tax Rate?- The "tax rate" is determined by the amount of the tax levy. To arrive at this amount, the taxing jurisdiction (County, t... (more)
- The "tax rate" is determined by the amount of the tax levy. To arrive at this amount, the taxing jurisdiction (County, town, school district, and fire districts) develops and adopts a budget. Next, all revenue sources except the property tax are computed. These include State aid, sales tax revenue, user fees, fines, etc. When all of these alternative funding sources are subtracted from the budget, the remaining level is the tax levy, which is raised by property tax. The total taxable assessed value is divided into the tax levy to produce a tax rate.
(FAQ10551)
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Will the appraisers need to enter my property during the valuation process?- No, the only time such a review would be necessary is when special conditions arise whereby an internal inspection would... (more)
- No, the only time such a review would be necessary is when special conditions arise whereby an internal inspection would help resolve valuation questions.
(FAQ10541)
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How do I prepare for an Informal Hearing?- REVIEW REAL ESTATE LISTINGS AND RECENT SALES Select properties of similar style: Ranch (single story), Coloni... (more)
- REVIEW REAL ESTATE LISTINGS AND RECENT SALES
Select properties of similar style: Ranch (single story), Colonial (2 story), Cape Cod, etc.
Select properties of similar size (square footage)
Select properties of similar age
Select properties with similar amenities or improvements such as garages, decks, basements, or in-ground pools.
Select properties in your neighborhood code.
PROPERTIES WHICH DO NOT MEET THESE CRITERIA SHOULD NOT BE CHOSEN
IT IS IMPORTANT TO KEEP IN MIND PROPERTIES YOU CHOOSE MUST BE HOMES THAT HAVE SOLD. MARKET VALUE IS BASED ON HOMES THAT HAVE SOLD.
The following locations will have available the new assessments and examples of recent sales activity:
Town of Greece Website
Assessor's Office, 1 Vince Tofany Blvd.
At the informal hearing, you will have the opportunity to summarize information on your property, provide information we may not have, and show sales data. Time is limited for each individual, so we ask that you please be prepared and be as brief as possible.
(FAQ10558)
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