County tax apportionment: RPTL 847

County tax apportionment using the provisions of RPTL 847

Example:

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 and 2

Apportion the tax levy using State equalization rates,
determine the tax rate for the town with the designated large property.

Steps 1 and 2
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 and municipality Taxable AV * Tax rate = Taxes
Large property in Town C 50,000,000 34.40 1,720,000

Steps 4 and 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,
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.

Steps 4 and 5
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: March 17, 2021