Complete this line if the property was appraised recently. Complete this section if your property has undergone new construction or remodeling or there have been other improvements, providing as much construction cost details as possible. Mark this line only if your property is income-producing, commercial or industrial, and you are prepared to provide detailed financial information about the property. Mark this line only if your property is a specialized property, such as a utility property, and you are prepared to provide detailed information about the property. The form, therefore, has been completed for a fictitious person who is seeking an assessment reduction based on unequal assessment.
State law requires that assessments be made at a uniform percentage of value.
If you believe your property is assessed at a higher percentage of value than the average of all other properties in the same class on the same assessment roll, you may claim an unequal assessment. Since the sample form uses a residential property, let's concentrate on that approach for an owner of a one, two, or three- family residence. The Nassau County RAR can be found on ORPS's Internet web page . The RAR and Class ONE ratio indicate at what percentage of full value residential properties are being assessed in the community. For example, an RAR of 3 would indicate that residential properties are being assessed at approximately 3 percent of their full value.