![Drawing of a house Drawing of a house](https://cdnsm5-ss16.sharpschool.com/UserFiles/Servers/Server_432258/Image/District/2023-24%20budget/1%20house.png) |
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![Drawing of a house that is comparatively bigger Drawing of a house that is comparatively bigger](https://www.spencerportschools.org/UserFiles/Servers/Server_432258/Image/District/2023-24%20budget/1%20house.png) |
Assessed value
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Market value |
Calculating an equalization rate for a given town takes place at the state level. New York State takes the total assessed value of the municipality and divides it by the total market value of the municipality. The end result is the equalization rate.
This is done in an effort to equitably distribute the tax burden between towns when reassessments have not occurred.
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Town |
2022 |
2023 |
![Arrow pointing right Arrow pointing right](https://cdnsm5-ss16.sharpschool.com/UserFiles/Servers/Server_432258/Image/Clip%20Art/arrow.png) |
Gates |
91% |
83% |
Greece |
86% |
86% |
Ogden |
82% |
69% |
|
Parma |
81% |
71% |
Towns finalize their assessments in the summer, and once confirmed, the school board adopts the established tax rate.
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