The Town of Pittsford’s Assessor’s Office has completed the 2018 assessment update. Notices have been sent only to property owners whose assessments have changed.
The Town’s annual property assessment update is part of a regular procedure required to maintain full market value assessments for properties in the Town of Pittsford. Since 1986, all assessments have been reviewed annually to maintain the most equitable assessments possible. New York State law requires towns to maintain assessments at a uniform percentage of value each year.
As the real estate market has recovered, the Town had to update assessments appropriately or New York State would have dropped the Town’s equalization rate to below 100%. Homes assessed at a rate lower than their full market value make the Town’s equalization rate lower. Full assessment value for a property is calculated to be within 5%+/- of comparable property sales prices.
When the Town’s equalization rate, as determined by New York State, is below 100%, property owners in the Town of Pittsford will pay a larger share of the School District and County budgets. Therefore, it is necessary to update property assessments to keep rates equitable.
Informal Assessment Review appointments are available through March 29. Please visit the Town’s Assessment Update webpage at www.townofpittsford.org/home-assessor/assessment-update for more information or to schedule an appointment, or call the Assessor’s office at (585) 248-6232.