How do I calculate my real estate taxes?

Since the Assessment equals the Full Market Value in the Town of Rye, the Assessment is divided by one thousand and then multiplied by the tax rate per thousand.

For example:

Full Market Value $500,000

Assessment $500,000

Tax Rate Per $1,000 = $2.50

$500,000 / 1,000 = 500

500 * $2.50 = $1,250 Property Tax Liability

Also, as each tax rate is finalized, you can go to your property via “Image Mate Pro” @ Tax Calculator via the Tax Info Link.

www.TownofRye.sdgnys.com/imo