HomeMy WebLinkAboutBF168966-001New York State Office of Real Property Services
Residential Assessment Ratio
For Administrative and Small Claims Assessment Review Proceedings
On the 2005 Assessment Roll
Ms. Catherine Valentino , Supervisor
Town of Ithaca
215 North Tioga Street
Ithaca, NY 14850 4321
Our records indicate that your assessing unit is completing an update for the 2005 roll.
2/14/2005
503000
Pursuant to Section 738 of the Real Property Tax Law, a Residential Assessment Ratio is not established in
the year that the update is completed.
In the event that your assessing unit does not complete the update as expected, the following ratio has been
calculated using the applicable residential sales occurring between the latest final assessment roll and the
preceding final assessment roll as reported pursuant to Section 574 of the Real Property Tax Law.
County of
Tompkins CAP #1
Number of Sales
Time Frame of Sales
Residential Assessment Ratio
Tompkins
877
7/1/2003 through 6/30/2004
89.14
The Residential Assessment Ratio was established as the median ratio in the list of ratios of assessment
to sale price sorted in ascending order. The ratios in the list were calculated by simply dividing the total
assessed value by the total selling price of each sale.
In the event that the update is not completed, I hereby certify that the above Residential Assessment Ratio
has been calculated in accordance with Section 738 of the Real Property Tax Law.
Craig S. Kominoski
Real Property Analyst III
NYS Office of Real Property Services
February 14, 2005
cc: Ms. Valeria Coggin , Director of Asmt.
Ms. Aurora R. Valenti , County Clerk
RP-5220 (revised 9/02)