The impact of the estimated tax rate for 2025-26 will vary based on each homeowner’s property assessment and the equalization rate for the town in which you live. The town of Gates has conducted a reassessment this year. The towns of Ogden and Parma completed reassessments in 2024.
| Please note each town's equalization rate: |
- Ogden, 99%
- Gates, 100%
- Greece, 61%
- Parma, 98%
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It is important to reiterate that the tax rates are estimates only. The levy and rate are set in the summer once each town’s property assessments are finalized. The following chart compares last year’s actual rates with the 2025 projections for each of the four towns.
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Estimated tax rate comparison
|
| Town |
2024-25 |
2025-26* |
% change |
| Ogden |
$16.03 |
$15.37 |
- 4% |
| Gates |
$20.82 |
$15.22 |
- 27% |
| Greece |
$23.54 |
$24.95 |
6% |
| Parma |
$16.02 |
$15.53 |
- 3% |
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*Estimated tax rates and percentage changes (excluding STAR)
| What is an equalization rate? |
The equalization rate is a percentage that helps homeowners understand how their property’s assessed value compares to its market value. It is based on the state and helps local governments to make sure that property taxes are fairly distributed.
When a property is assessed, the equalization rate adjusts the assessed value to reflect what the property would likely sell for on the market.