Change of Assessment Notices will be mailed the 4th week of April, 2023. The Town of Moreau continues to maintain its level of assessment at a uniform percentage of 100% of market value, ensuring all property assessments remain fair & equitable. As most of us know, property sales continue to be at a record highs not only here in the Town of Moreau and Saratoga County, but nationwide. Please understand, you did not have to do anything to your home to increase its value. These increases are strictly market driven. Unless you have a documented condition issue that sets you apart from the rest, or you have a recent appraisal, the Assesor will not be in a position to decrease your assessment. Before you call our office, we ask a couple of things from you. First, please take a moment to look at the sales in your neighborhood. They are shocking even to me. Below on this page, click on the link "Property Search." This will allow you to enter your address and see detailed information on your property. Please utilize the blue button labeled "Additional Info" to view comparable property assessments and sale prices. SDG Imagemate is also a great resource for searching sales and comparable properties. After you've looked at the sales, ask yourself, if you were to list your property for sale today, what would you ask for it? Could you sell your property for the assessment we just put on it? If your answer is no, and you can support your case, give us a call at (518) 792-1030 x4. If we agree with the information you supply, we will offer you a reduction. If we disagree, your next option is to file a Complaint on Assessment with the Board of Assessment Review. See "Grievance Information Tab" for instructions. Quick Links For More Resources
Job
of the Assessor: The assessor also updates new construction, and major improvements to existing structures as to maintain a current value. The assessor also approves and keeps track of property tax exemptions Senior citizen, School Tax Relief (STAR), veterans and agricultural. The assessor reviews every transfer of real property in the municipality. The basic information on the buyer, seller and sale price is reviewed for accuracy. Assessment records are then updated.
The complexity of Equalization
Values and Taxable Values: A municipality is authorized to assess
at market value. The Assessed value is the level of
assessment a community is assessing at, in this
instance the Town of Moreau has a LOA (level of
assessment) of 100%, which is the taxable value, based
on sales and other components throughout the year. The equalization rate is the state’s
means to assure property tax allocation among taxing
jurisdictions and to allocate State Aid for Education.
Aside from
apportionment of taxes among municipal segments of school district, counties
and distribution of State Aid for Education, the rate is
used to establish tax and debt limits,
determination of state assessments such as state-owned
land, railroad, agricultural values and the level of
star exemptions. The rate takes into consideration all
major type properties. Equalization rates DO NOT
indicate the degree of uniformity among assessments within
a municipality.
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