Mayor Malik D. Evans has launched an online tool enabling residents to estimate their property tax bills for the 2024-25 fiscal year. The tool, available at www.cityofrochester.gov/taxestimate, allows users to enter an address and receive a comparison of their net property tax burden from 2023-24 with the estimated burden for 2024-25. The platform also displays homestead tax rates, assessed values, portions of the tax bills attributable to property taxes, applicable exemptions, and their totals.
“The real estate market is undergoing rapid and radical changes and this informative tool will help residents understand how the new value of their home will impact their tax bill given our new lower tax rate,” said Mayor Evans. “During this year’s budget and reassessment processes, I was committed to keeping the tax levy flat, resulting in the largest drop in the tax rate in known history to help shield residents from the drastic shifts in today’s housing market.”
The homestead tax rate for 2024-25 has been decreased by 37.7%, from $17.84 per thousand dollars of assessed value to $11.11 per thousand dollars.
While the new tool provides estimates, it does not include New York State STAR tax credits or non-homestead properties such as businesses. Official City tax bills are expected to be mailed out in late June following City Council approval of the proposed budget.
For more information, visit www.cityofrochester.gov/taxestimate.
