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2003 (2) lU.~. ~~I:J~~ ~ ..#~~ ~tl ~ /VyS 'lfu1 ~ /~ Memorandum Q~o#~~ (2-~ d -#:-"~_. ~A~~/~ .-10 A- ~ 9-11 STATE OF NEW YORK EXECUTIVE DEPARTMENT OFFICE OF REAL PROPERTY SERVICES March 18, 2003 TO: Chief Executive Officers of Approved Assessing Units FROM: Scott Christie, Equalization Support Services SUBJECT: Current Base Proportions and Adjusted Base Proportions Your municipality has adopted the Homestead Option of Article 19 of the Real Property Tax Law. Therefore, you will need to compute and notify the State Board of the current base proportions and the adjusted base proportions used to determine class tax shares for municipal and school district levies. Enclosed in this packet is form RP-6701 used to file the current base proportions and form RP-6703 used to file the adjusted base proportions. Adiusted Base Proportions must be approved by the assessing unit legislative body within 5 days of the final roll date or by 30 days prior to the first levy date on the current assessment roll. Both the Current Base Proportions and the Adjusted Base Proportions forms must be mailed to NYS Office of Real Property Services within 5 days of approval by the assessing unit legislative body. This year, if you would like forms RP-6701 and RP-6703 in an Excel file format, please request bye-mail toDonna.Kieper@orps.state.ny.us. However, the final hard copies that are signed and approved by the legislative body still need to be mailed. If you have any questions about the process or the enclosed materials, you may telephone Donna Kieper or myself at (518) 474-5666. Cc: Assessor Clerk County Director of RPTS REeE/VEC; MAR 2 5". .f... ",~' _.' ',.., TOWN CLERk CURRENT BASE PROPORTIONS ADJUSTED BASE PROPORTIONS .:. Every thin g you need to fil . . . e IS III this packet ... Materials being sent to: Mayor / T own Supe . rVlsor Assessor County Director .:. For qu f es Ions contact S S cort Christie at E . . upport Services (518) quahzatIon 474-5666 RP-6703 (5/2001) ST ATE BOARD OF REAL PROPERTY SERVICES 16 Sheridan Avenue, Albany, NY 12210-2714 Determination of Adjusted Base Proportions Pursuant to Article 19, RPTL, for the 20_ Assessment Roll Approved Assessing Unit Check One to Identify Portion: County _; City _; Town _; Village _; Town Outside Village Area _; School District_; Special District_ Name of Portion Reference Roll ; Levy Roll SECTION I Class Homestead Nonhomestead Determination of Portion Class Net Change in Assessed Value due to Physical and Quantity Changes, Equalization Changes and Computation of Class Change in Level of Assessment Factor (A) (B) (C) (D) (E) Surviving Total Assessed Value on the Reference Roll (A - C) Class Homestead Ndnhomestead " Total Assessed Value on the Reference Roll Total Assessed Value of Physical and Quantity Increases Between Reference Roll and Levy Roll Total Assessed Value of Physical and Quantity Decreases Between Reference Roll and Levy Roll Net Assessed Value of Physical and Quantity Changes (B-C) (F) (G) (H) Total Assessed Value of Equalization Increases Between Reference Roll and Levy Roll Total Assessed Value of Equalization Decreases Between Reference Roll and Levy Roll Net Equalization Changes (F - G) (I) Change in Level of Assessment Factor (HIE) + I RP-6703 (5/2001) SECTION II Class Homestead Nonhomestead (J) Taxable Assessed Value on the Levy Roll Computation of Portion Class Adjustment Factor (K) Taxable Assessed Value on Levy Roll at Reference Roll Level of Assessment (J /I) (L) Assessed Value of Special Franchise on the Levy Roll at the Reference Roll Level of Assessment -0- (M) Total Taxable Assessed Value on Levy Roll at Reference Roll Level of Assessment (K + L) (N) Taxable Assessed Value on the Reference Roll (0) Class Adjustment Factor (M/N) SECTION III Class Homestead Nonhomestead Total (P) Current Base Proportions Computation of Adjusted Base Proportions (Q) Current Base Proportions Adjusted for Physical and Quantity Changes (P * 0) (R) Adjusted Base Proportions (Q/SUM of Q) Signature Title Date RP-6701 (5/2001) * STATE BOARD OF REAL PROPERTY SERVICES 16 Sheridan Avenue, Albany, NY 12210-2714 Determination of Base Percentages, Current Percentages and Current Base Proportions Pursuant to Article 19, RPTL, for the Levy of Taxes on the 20_ Assessment Roll Approved Assessing Unit Check One to Identify Portion: County_; City_; Town_; Village_; Town Outside Village Area_; School District_; Special District_ Name of Portion SECTION I Determination of Base Percentages (A) (B) (C) (D) Class Taxable - Assessed Value Class Equalization Rate Estimated Market Value A/(B/1 00) Base Percentages (C/Sum of C) Homestead Nonhomestead Total SECTION II Determination of Current Percentages (E) (F) (G) (H) Class 20 Taxable Assessed Value 20 Class Equalization Rate Estimated Market Value E/(F/1 00) Current Percentages (G/Sum of G) Homestead Nonhomestead \ Total RP-6701 (5/2001) SECTION III Class Homestead Nonhomestead Total (I) Local Base Proportion for the Assessment Roll (1) Updated Local Base Proportion I * (HID) (K) Determination of Current Base Proportions (M) Prospective Current Base Proportion Column (J) Prorated to 100.00 (L) Adjusted Base Proportion Used for Prior Tax Levy Percent Difference Between Prior Year Adjusted Base Proportion and Prospective Current Base Proportion ((K/L)-l) * 100 (N) Maximum Current Base Proportion (L * 1 .05) (0) Current Base Proportions for 20 Roll "' Signature Title Date