Assessment

Department Overview

The Department of Assessment is responsible for maintaining the public record of all parcels of realty within City of Binghamton boundaries. The primary function of the department is to prepare ad valorem valuations of real estate for tax assessing purposes.

Facts

• The tax roll of the City of Binghamton is established on a tentative basis as of May 1st each year, and the roll is finalized on July 1st each year. 
• All exemption applications are due in the Assessment Office by March 1st of each year.  For your convenience, the STAR exemption application is available in the document listing above. 
• Taxable status date is March 1st of each year. 
• Valuation Date is July 1st of the prior year.
• 2008 City of Binghamton Equalization Rate is 87.92
• 2008 City of Binghamton Change in Level of Assessment is 1.0024
• 2008 City of Binghamton Residential Assessment Ratio is 87.76          

The Department of Assessment will answer any questions relative to realty assessment.

2009-2010 Tax Rates per $1,000 of Assessed Taxable Value:

                                       Homestead*              Non-Homestead**

School (levied 9/01/2009)     24.841054              35.711777
City (levied 1/01/2010)        20.865225               37.235052
County (levied 1/01/2010)      8.357835                8.357835

* Homestead: 1,2 & 3-family properties; res vacant
** Non-Homestead: Exclusive of 1, 2, & 3-family properties; res vacant

2008-2009 Tax Rates per $1,000 of Assessed Taxable Value:

                                       Homestead*              Non-Homestead**

School (levied 9/01/2008)     24.176059              34.880550
City (levied 1/01/2009)        19.283907               34.807980
County (levied 1/01/2009)      7.798717                7.798717

* Homestead: 1,2 & 3-family properties; res vacant
** Non-Homestead: Exclusive of 1, 2, & 3-family properties; res vacant

2007-2008 Tax Rates per $1,000 of Assessed Taxable Value:

                                    Homestead*              Non-Homestead**

School (levied 9/01/2007)     23.650747              34.142944
City (levied 1/01/2008)        16.879521               30.235324
County (levied 1/01/2008)      7.962342                7.962342

* Homestead: 1,2 & 3-family properties; res vacant
** Non-Homestead: Exclusive of 1, 2, & 3-family properties; res vacant

2006-2007 Tax Rates per $1,000 of Assessed Taxable Value:                                       Homestead*          Non-Homestead** School (levied 9/01/2006)     23.031352           33.292646 City (levied 1/01/2007)        15.679876            27.775422 County (levied 1/01/2007)      7.478470             7.478470 * Homestead: 1,2 & 3-family properties; res vacant ** Non-Homestead: Exclusive of 1, 2, & 3-family properties; res vacant