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Department of Taxation and Finance

Weekly Newsletter of the Office of Real Property Tax Services

STAR IVP Tool up and running

The IVP Tools and reports are available again. We apologize for the inconvenience.

In the spirit of Valentine's Day (ahem, gentle reminder), we salute you for the work you do to provide your property owners with fair assessments, property tax benefits, and sound advice.

2020 Levels of Assessment (LOA) due February 21

Submit your 2020 level of assessment to your Regional Customer Service Liaison by Friday, February 21. It is critical that we receive your LOA by the deadline, because it is a key factor in the calculation of residential assessment ratios (RAR). We expect to issue the RARs on March 2.

2020 Tentative Oil and Gas Values now online

The values are available from Index: Manual for Valuation and Assessment of Oil and Gas Producing Property in New York State. We will hold the annual hearing on February 25 at our Batavia Office. For details, see the 2020 Tentative Oil and Gas Unit of Production Values Letter. We are sending the letter to impacted municipalities, counties and companies in the upcoming days.

Do not send IVP forms to us without transmittal sheets

You must include Form RP-425-IVP, Supplement to Form RP-425-E, regardless of the way you transmit IVP forms to us: by postal mail, secure email, or via a regional liaison. For more information: IVP Tool User Guide.

Download option now available for IVP Tool Summary Report

The IVP Tool Summary Report provides a real-time and complete listing of all properties enrolled in the IVP in your jurisdiction. By downloading the report, you can easily open the data in Excel for your convenience. For complete instructions, visit the IVP Tool User Guide.

Updated Legal Property Tax Questions – Asked and Answered on the Solar Exemption

We’ve updated Q14 with information recently requested by the Real Property Tax Administration Committee. It is in our non-binding opinion that there is sufficient case law to conclude that the terms of the 485-b exemption could be satisfied by a solar farm on the basis that the production of solar electricity constitutes the developing of a service within the meaning of the statute. For the discussion, see pages 5 and 6 of the RAQ under Business Investment Exemption.

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