An appraisal record is a public record that contains information about individual property and land. Essentially, it is a tax register that lists all properties within a jurisdiction.
Assessment records are primarily used in New York State to determine the value of each block and help establish what property taxes homeowners must pay. Other states may use similar assessments to establish property tax assessments.
What is an evaluation roll?
Assessment records are a compiled list of tax information for each property in a particular New York State municipality or county, also called assessment units. The information in these documents includes the full market value of the parcel and the date the appraisers conducted the appraisal.
The assessment list helps determine the taxable value of the property after exemptions have been applied. Each appraisal roll is confirmed by an appraiser’s oath on the last page. If a property owner disagrees with the appraisal, he or she can contest it.
Municipalities usually publish the final and tentative evaluation lists annually. The New York Department of Taxation and Finance indicates that appraisal units generally release their tentative filings by May 1. During this period, homeowners can verify the market value of their property, as well as any other homes in the state. Annual property tax bills are created based on the content of the final assessment list, which is published on July 1 for the calendar year. The taxes determined by the appraisal register are used to finance municipal projects in the corresponding neighborhood.
What information is on an evaluation checklist?
The information readily available on an assessment list depends on your county or township assessor’s office.
At a minimum, the appraisal list will contain the full residential address of the property, as well as a legal description of the property with lot numbers, lots, or section numbers to describe the location. It may also include the name of the property owner and the appraised value of the property, as well as the date the appraisal was last updated.
Some municipalities will list even more details on their appraisal records, including the property owner’s phone number, the owner’s residential address (if different from the appraised property in question), and all property tax assessment and ownership history. If the property is owned by a nonprofit organization, the list may also include the institution’s affiliation as religious, educational, or charitable.
What are checklists used for?
Appraisal records serve one primary purpose: counties and municipalities use them to track property and home values so properties are accurately taxed.
In addition to their primary function, evaluation lists have numerous secondary uses. The data contained in them can be used to track home value and price trends, as well as general property trends. For example, an increase in businesses listed as landlords in an area may indicate a shift to a larger rental market.
Real estate investors also use appraisal lists to locate and contact owners to try to purchase their property. Enterprising investors will search for all the properties in an area at a certain value and call or write handwritten letters to the owners offering to buy the house, even if it is not yet listed on the market.
How do I verify my property on an appraisal registry?
Finding out which entity has the appraisal record is the hardest part of verifying your ownership. While New York allows you to search for your appraisal by city, town, or locality, that’s not necessarily the case in your state, whether you use appraisal records or some other form of tax appraisal.
For example, residents of Cleveland, Ohio will not find an appraisal listing with the City of Cleveland, but can find property appraisals on the Cuyahoga County website.
Most of the country conducts assessment lists or other tax assessments through county offices. To verify, you can check with your mortgage company or contact the entity to which you currently pay property taxes.