Assessor for the Town of Putnam Valley April 2016 Sheryl luongo Assessor for the Town of Putnam Valley April 2016

ASSESSMENTS vs. TAXES Presented by SHERYL LUONGO, Assessor The relationship between assessments and taxes. Presented by SHERYL LUONGO, Assessor

The Assessor’s sole responsibility is to make sure that assessments are at 100% market value as of a valuation date For the 2016 Assessment Roll, the valuation date is July 1, 2015.

SCHOOL, TOWN AND COUNTY BUDGET

BUDGET – REVENUE = LEVY

BUDGET – REVENUE = LEVY LEVY/TOTAL ASSESSED VALUE = TAX RATE

BUDGET – REVENUE = LEVY LEVY/TOTAL ASSESSED VALUE = TAX RATE TAX RATE * ASSESSED VALUE = TAX DUE

MAKE NO MISTAKE – YOUR TAXES ARE DETERMINED BY GOVERNMENT AND SCHOOL SPENDING – NOT BY ASSESSMENTS

2016 tentative assessment roll will be available on March 1, 2016. Letters to be mailed on or about April 29, 2016

SHERYL LUONGO, aSSESSOR 845-526-2517 sluongo@putnamvalley.com