Preliminary town equalization rates released

NORWICH – The Chenango County Real Property Tax Services Department shared projected equalization rates last week for local municipalities.

The figures are based on towns’ tentative assessment rolls and may be used for school budgeting purposes. Shown below across a three-year period, the rates are used by the New York State Tax Services department to determine each town and the City of Norwich’s county and school tax rate. They are based on a combination of town’s assessors property value data and actual property sales that occurred across the state during a specified period.