The Assessor is responsible for maintaining accurate ownership and description information on parcels in the Town of Petersburgh. His responsibilities include assessing real estate for the purpose of establishing values so that property taxes can be calculated.

 

The Assessor is currently in the process of conducting a Town wide re-evaluation of all real property located within Petersburgh. This valuation is scheduled to take effect with the filing of the Tentative Tax Roll Book on May 1^st, each year.  RE-EVALUATION OF ALL REAL PROPERTY IS CURRENTLY UNDER WAY.  TOWN BOARD APPROVAL TO MOVE FORWARD.

 

Senior Citizens and STAR:

Seniors receiving Enhanced STAR benefits are not affected by the new registration requirement. 

In order to continue to receive Enhanced STAR, seniors must continue to:

-apply annually, or

-participate in the Income Verification Program.

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..."

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.