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Example of County Tax Apportionment Using the Provisions of RPTL 847

There are four towns in the county. Towns A, B, C, and D.
There is a designated large property in Town C.
The assessed value of the large property is $50,000,000.
The State equalization rate for Town C is 60.00 and the apportionment rate for Town C is 50.00.

 

Steps 1 & 2 - Apportion the tax levy using State equalization rates and determine the tax rate for the town with the Designated
Large Property.

 

Municipality Assessed Value Equalization Rate Full Value Levy Tax Rate per 1,000
Town A    2,000,000 50.00 4,000,000 82,569  
Town B 100,000,000 100.00 100,000,000 2,064,220  
Town C 100,000,000 60.00 166,666,667 3,440,367 34.40
Town D    5,000,000 25.00 20,000,000 412,844  
Total     290,666,667 6,000,000  

Step 3 - Determine the tax for the Designated Large Property using the tax rate developed in the previous step

 

Property Owner & Municipality Taxable AV * Tax Rate = Taxes
Large Property in Town C 50,000,000 34.40 1,720,000

 

Steps 4 & 5 - Subtract the tax for the Designated Large Property from the levy and subtract the taxable assessed value of the
Designated Large Property from the assessed value of the town with the large property.
Then apportion the remaining levy using the apportionment rate for Town C
The apportionment rate was determined by removing the assessed value and full value of the large property from
the town-wide totals. The apportionment rate for Town C in this example is 50.00.

 

Municipality Assessed Value Equalization Rate Full Value Levy Tax Rate per 1,000
Town A    2,000,000 50.00 4,000,000 76,429 38.21
Town B 100,000,000 100.00 100,000,000 1,910,714 19.11
Town C (Excluding Large Property)   50,000,000 50.00 100,000,000 1,910,714 38.21
Town D    5,000,000 25.00 20,000,000 382,143 76.43
Total     224,000,000 4,280,000  
Updated: