What are Residential Assessment Ratios and how do they affect my home's value?
The Residential Assessment Ratio (RAR) is an indication of the level of assessment for residential real property in a municipality. It is a measurement of the overall ratio of the total assessed value of residential property in the municipality compared to the full market value of that residential property. The RAR (Residential Assessment Ratio) can be used by homeowners in a Board of Assessment Review (BAR) grievance and in a Small Claims Assessment Review (SCAR) hearing.
Simply put, each year a town, city, or village in Westchester County receives a RAR. This number rises and falls depending on on the market. To determine what your your property is worth, divide your assessment by the Residential Assessment Ratio for the municipality you live in.
Below is the 2013 Residential Assessment Ratios for all towns and cities along with the increase or decrease in value from 2012.
| TOWN/VILLAGE | MUNICIPALITY | ASSESSMENT RATIO | +/- |
| City City City City City City Town Town Town Town Town Town Town Town Town Town Town Town Town Town Town Town Town Town Town |
Mt Vernon New Rochelle Peekskill Rye White Plains Yonkers Bedford Cortlandt Eastchester Greenburgh Harrison Lewisboro Mamaroneck Mount Pleasant New Castle North Castle North Salem Ossining Pelham Pound Ridge Rye Scarsdale Somers Yorktown Mount Kisco |
3.09 2.66 3.88 NOT YET ISSUED 2.57 2.71 10.76 2 1.36 2.94 1.63 10.84 100 1.6 21.02 2.18 11.13 5.7 100.00 18.3 100.00 1.73 13.8 2.58 16.54 |
-6.8% +3.75% -5% -10.4% -3.5% |