The tax due from each parcel of real property is based on an assessment, which includes a determination of the parcel's tax class and market value , and an assessed value set at a uniform percentage of the market value. The assessment also includes a determination of whether the parcel is fully or partially exempt and the amount of any partial exemptions. Finally, the assessment includes a calculation of the taxable value , which reflects exemptions and limits on increases . The June tax bill is based on the taxable value and the tax rate for your property's tax class. Abatements, if any, are deducted on the bill.
Finance conducts an annual revaluation of every property.
Assessments are based on the property's value, condition and ownership on the January 5th before the beginning of the City tax year. The assessment roll lists the assessment of every property. The tentative roll for the upcoming tax year is made public on January 15. The final roll is published on May 25. The rolls are published on Finance's website , which may be viewed wherever the Internet is available or at the borough assessment offices .