Village Of Stewart Manor
 Assessment Information 

Assessment Information

December 31st
February 1st
Third Tuesday in February
April 1
Table Of Contents:
Senior Citizen/Low Income First Time Filing Form

In the Village of Stewart Manor, to qualify for a Senior Citizen/Low Income Tax Exemption, you must meet all three of the following criteria:

1. You must be at least 65 years of age by December 31st for the upcoming tax year (for example for the 2016-2017 tax year which begins on June 1, 2016, you must be 65 years of age by December 31, 2015),

2.  You must have earned no more than $24,000 in the previous year (filing for 2016-17 tax year which begins on June 1, 2016, earnings for 2015 are counted)

3.  You must file in the Village Clerk's office by December 31st (again for the 2016-17 tax year, you must file by December 31, 2015).

Uniform Percentage of Value
The percentage of market value (full value) used by an assessing unit to establish uniform assessments. This value must appear on the tentative roll. Real Property Tax Law Section 305 specifies, "all real property in each assessing unit shall be assessed at a uniform percentage of value..."
Taxable Status Date
The ownership and physical condition of real property as of this date are assessed (valued) according to price fixed as of the valuation date. All applications for property exemptions must be filed with the assessor by this date.
Residential Assessment Ratio (RAR)
A percentage established by the State Board of Real Property Services according to law, using the ratio of assessed value to the sales price for each usable residential sale in a recent one-year period. Ratios are then listed from highest to lowest; the midpoint (median) ratio is selected as the RAR. The RAR can be used to prove that a residential property is assessed at a higher level than other homes on the assessment roll. Your locality's RAR indicates at what percent of full value residential properties are assessed. For example, a RAR of 20 indicates that residential properties are assessed at approximately 20 percent of their full value.
Equalization Rate
"State equalization rate" means the percentage of full value at which taxable real property in a county, city, town or village is assessed as determined by the state board." (RPTL Section 102) The rate is a ratio of the sum of the locally determined assessed values for all taxable parcels for a given assessment roll divided by ORPS's estimate of total full value for that same roll.
You must fill out this form in its entirety to challenge your assessment and have it filed in the office of the Village Clerk by Tax Grievance Day (the third Tuesday in February) or your may bring it with you, along with supporting documentation to a meeting of the Board of Trustees which is generally held on Tax Grievance Day from 6 p.m. to 10 p.m. In 2016, the day is Tuesday, February 16th.