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Real Property News

Posted on: February 28, 2019

Niles 2019 Reassessment Sales Book

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Town of Niles 2019 Reassessment Project Sales Book

When a municipality does a reassessment project, a key factor in determining appropriate values is to rely upon market sales.

This book contains the 131 sales of properties the town assessor used to compare to other similar properties in the town as a basis for the new assessments.

NYS Office of Real Property Tax Services provides the assessor with trend analysis for sales that occur over a period of time to arrive at “Time Adjusted Sale Prices.” This allows the assessor to utilize sales from as far back as 5 years ago (7/1/2013) and trend them forward to arrive at the best estimate of the most likely selling price today.

View Sales Book (PDF)
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