MARIO R. AREVALO, IAO
OFFICE OF TOWN ASSESSOR
P.O. BOX 468
OTEGO, NEW YORK 13825
Tuesdays and Thursdays; 9:30 a.m. – 2:30 p.m. (Unless otherwise noted in calendar, and/or by appointment)
in the Town of Otego is the primary responsibility of the Town Assessor.
Commissioned by the State of New York, the Town Assessor is responsible
for locating, listing, and valuing all taxable and non-taxable
properties within the Town's municipal jurisdiction. In addition to
these duties, the Town Assessor is responsible for the following:
A summary of the services
provided by the Assessment Department include:
In addition to these
services, the Office of Town Assessor also:
The staff of the Assessment Department in the Town of Otego continues to dedicate the utmost of capability and knowledge to achieve better services to our taxpaying community; thus, insuring the fair and equitable assessment distribution of all real property in the Town of Otego.
JULY 1: Valuation Date (NYS RPTL Section 301) "All real property subject to taxation, and assessed as of March first (Taxable Status Date), shall be valued as of the preceding FIRST DAY OF JULY"
MARCH 1: Taxable Status Date (NYS RPTL Section 302) "The taxable status of real property in cities and towns shall be determined annually according to its condition and ownership as of the FIRST DAY OF MARCH; and the valuation thereof determined as of the applicable valuation date."
ALL EXEMPTIONS MUST BE FILED ANNUALLY BY MARCH 1.
MAY 1: Completion of Tentative Roll (NYS RPTL Section 506)
"On or before the FIRST DAY OF MAY, the Assessors of each city and town shall complete the tentative roll and it shall be filed with the appropriate official."
TEN DAYS PRIOR TO GRIEVANCE DAY: Notice of Increase Assessments. (NYS RPTL Section 510-a)
"The Assessor shall mail to each owner of real property a notice of any assessment increase."
GRIEVANCE DAY - In the Town of Otego, Grievance Day is the fourth Wednesday in May. "After publication of the notice and until the FOURTH WEDNESDAY IN MAY, the Assessor shall make the tentative roll available for public inspection."
"Beginning on the FOURTH WEDNESDAY IN MAY, or such other date as is established by law, and so many days thereafter as the Board of Assessment and Review deems necessary, such Board shall meet to hear complaints in relation to assessments."
JULY 1 - Filing of Final Assessment Roll and Notice of Completion (NYS RPTL Section 516)
"On or before the FIRST DAY OF JULY, the assessment roll shall be completed and filed with the appropriate clerk and cause a notice to be published that the final assessment has been completed.
Frequently Asked Questions
Q: What is an assessment?
A: A property's assessment is a percentage of its market value. Market value, as defined by the International Association of Assessing Officers, is the "most probable price expressed in terms of money that a property would bring if exposed for sale in the open market. The sale should be in an arm's-length transaction between a willing seller and a willing buyer, both of whom are knowledgeable concerning all the uses to which the property is adapted and for which is capable of being used."
Q: Do I qualify for any kind of real property tax exemption?
A: Currently the Town of Otego participates in several exemption programs such as the School Tax Relief (STAR) Credit, Veterans, Clergy, Aged, Farm, and Business Commercial Exemptions. For a complete listing and description of all exemptions and their application forms, please go to: http://www.tax.ny.gov/pit/property/exemption/index.htm
Q: I am a Veteran, what kind of exemption am I eligible to receive?
A: You may be eligible to receive a Wartime, Combat, or Cold War Veteran's exemption if you served during certain times and places in the Armed Forces of the United States. You may also be eligible to receive an additional exemption if you have a service-connected disability. Please note that the veteran's exemption does not apply to school taxes and it only grants 50% of the V.A. disability rating. For a description, please go to: www.tax.ny.gov/pit/property/exemption/vetexempt.htm
Q: I am a Senior Citizen, do I qualify for an exemption?
A: Senior citizens that meet income, age, and residency requirements may qualify for an aged exemption. You must be 65 years of age and must have resided in your property for a minimum of 12 consecutive months prior to submitting your application. This exemption, which applies to both, real property and school taxes, allows up to 50% reduction on tax bills. Because different municipalities have different eligibility criteria, you should contact your local Assessor regarding further information and deadlines.
Q: What is STAR?
A: The School Tax Relief (STAR) is a program that provides partial exemption from school property taxes for owner-occupied primary residences. There are two kinds of STAR exemptions: The Enhanced Star and the Basic Star.
Q: What is School Tax Relief (STAR) Credit?
A: New STAR applicants will no longer receive an exemption in their school tax bill; instead, they will receive a credit in the form of a check directly from New York State. The amount of the check will be the same as the STAR exemption.
Q: I am a senior citizen, do I qualify for the Enhanced Star exemption?
A: The Enhanced Star exemption, which exempts up to $60,000 of the full market value of a home, applies to seniors 65 years of age or older whose 2015 household adjusted gross income does not exceed $86,000.
Q: I will turn 65 years old after the March 1, deadline. Do I still qualify?
A: Yes, as long as you turn 65 before December 31 of the same year.
Q: I don't qualify for the Enhanced Star. Do I qualify for the Basic Star exemption?
A: Yes. The Basic Star, which exempts up to $30,000 of the full market value of a home applies to any homeowner regardless of age, as long as they reside in that legal and primary residence, and the total household income doesn't exceed $500,000.
Q: What other documentation do I need to bring with my Enhanced Star application?
A: If you are applying for the first time, you are required to bring a photocopy of your prior year's income tax return, as well as proof of your age and home ownership.
Q: I already have an Enhanced Star exemption. Do I still have to renew it every year?
A: Yes. As per State law, you are required to renew your Enhanced Star exemption every year. However, under new legislation you may be eligible to participate in the "Income Verification Program." This option allows recipients of the Enhanced STAR exemption to automatically renew their annual application through the New York State Department of Taxation and Finance. Eligible applicants must file New York State Income Tax Returns on an annual basis. In addition, an authorization form (RP-425-IVP) must be filed with the Assessor. It is recommended that you call our office before you proceed with this option.
Q: What if I decide not to participate in the Income Verification Program?
A: If you do not file State Income Tax Returns or decide not to participate in the "Income Verification Program" you have to renew your exemption every year. A renewal application will be mailed to you every November, and it will be your responsibility to return it to us with the preceding income tax returns or annual income statements, such as W-2 forms, Social Security forms, bank interests, etc.
Q: What do I need to apply for either the Basic or Enhanced Star exemption?
A: You must register with the New York Department of Taxation and Finance by visiting www.tax.ny.gov or by calling (518) 457-2036.
Q: I have been granted a
Basic Star exemption. Do I need to renew it every year?
Q: Is there a deadline by which I must file the application forms?
A: Yes. The annual deadline for all exemption applications is always March 1st. However, different municipalities have different deadlines; this is why you should contact your local Assessor for further information.
Q: Where can I get the exemption application forms?
A: You must file the application forms with your local Assessor. Your local Assessor is located in the same municipality where your actually reside. You may also download these applications from the New York State Office of Real Property Tax Services' web page at http://www.tax.ny.gov/forms/orpts/exemption.htm
Q: Where can I go with additional questions?
A: The Assessor is continually communicating with the public, answering questions, and dealing with concerns raised by taxpayers. You may reach the Town Assessor at the Town Hall, 3526 State Highway 7, Otego, New York 13825, or by calling (607) 988-2682. You may also visit the New York State Department of Taxation and Finance at www.tax.ny.gov.
Copyright 2011 Town Of Otego, NY