Selective Assessing vs. Fair Assessing

We have had questions from taxpayers regarding selective assessment. Here is what the NYS Dept. of Taxation & Finance has posted:

Please note that assessments of properties bought after the Valuation Date cannot go up this year, unless something changed with regards to the condition of the property between July 1 of this year and March 1 of the next year. Then the value can be changed so that it now accurately reflects that change in condition. That would include any additions, remodeling or improvements to the property between these dates.

Here is the link from New York State Department of Taxation & Finance explaining each date.  

printable pdf version