What is the equalization rate for the City of Schenectady and how is it determined?

The equalization rate in the City of Schenectady is determined by the New York State Office of Real Property Tax Services (ORPTS). Equalization seeks to measure the relationship of locally assessed values to an ever-changing real estate market. In order to distribute school district or county taxes among municipalities, the level of assessment must be equalized.


This year, the equalization rate is 1.05 or 105% of the fair market value of real property. What this means is that if you have a home that has a fair market value of $100,000 your assessed value and the value for which you pay taxes is actually $105,000. You can find this information on the 2019 tentative assessment roll published on May 1st, 2019.

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1. How are the full market value and the assessed value of my real property calculated?
2. What is the equalization rate for the City of Schenectady and how is it determined?
3. Where can I find a copy of the 2019 Assessment Roll?
4. What can I do if I am unhappy with the assessed value of my real property?
5. Can the Board of Assessment review raise my assessment?
6. When should I expect to hear an outcome of my grievance application?
7. What can I do if I am unhappy about the outcome of my grievance application?