Property Valuation

PROPERTY VALUATION & ASSESSMENTS

The Town of Malta’s Assessment policy is to maintain a level of assessment (LOA) of 100%.  We believe maintaining that level is the fairest way to insure equity amongst all taxpayers.  In order to do this, we conduct a Town-wide revaluation every 4 years, (the last being 2021), and trend values up or down based on sales within neighborhoods in the interim years.  The LOA comes from measuring our assessed values to our sales.  In January 2022, NYS Office of Real Property Tax Services (ORPTS) advised us that our LOA had dropped from 100% to 87%.  We then trended neighborhood values up to meet the sales within those neighborhoods.  Those increases ranged from 5% to as high as 15%.  This January 2023, we were advised that our level has again dropped from 100% to 83%.  Accordingly, we will be trending neighborhoods across the board from a low of 6% to as much as 27%, as follows:  

40044 – 20%                  40052 – 20%        40062 – 18%                                     

40045 – 16%                  40053 – 27%        40063 – 8%                    

40047 – 14%                  40054 – 18%        40067 – 15%                                     

40050 – 12%                  40060 – 18%        41199 - 6%       

40051 – 17%                  40061 – 18%

Below are a few informal pod casts to give a better understanding of the assessment process.

Understanding the difference between taxes and assessments

Reassessment process in NYS

Formal Grievance Process

 

Your Change of Assessment Notice will be mailed during the 3rd week of April.  Sales that took place between July 1, 2021 and July 1, 2022 are those used to come up with your 2023 Assessment.  As most of us know, property sales continue to be at record highs not only here in the Town of Malta and Saratoga County, but the State and nationwide. Please understand, you did not have to do anything to your home to increase its value.  These increases are strictly market driven.  Unless you have a documented condition issue that sets you apart from the rest, or you have a recent appraisal, the Assessor will not be in a position to decrease your assessment.   

If you find that your increase percentage is higher than the amount listed above for your neighborhood, it is likely due to added square footage or improvements we found from your sale, the use of pictometry, or drive-by inspection.   If your increase is below the percentage, it is due to a condition issue (either we have conducted an interior inspection or documented less than normal condition), partial construction, or the use of pictometry.  In either case, give us a call and we will explain further.  

Before you call our office, we ask a couple of things from you.   First, please take a moment to look at the sales in your neighborhood.  They are shocking even to me.  On this page, click on the link “property search”.  This will connect you to property sales and assessments (assessments are not updated with new values until notices are mailed), and an index that will tell you what neighborhood code you’re in.  After you’ve looked at the sales, ask yourself, if you were to list your property for sale today, what would you ask for it?   Could you sell your property for the assessment we just put on it?  If your answer is no, and you can support your case, give us a call at (518) 899-2584.   If we agree with the information you supply, we will offer you a reduction.  If we disagree, your next option is to file a Complaint on Assessment with the Board of Assessment Review.  See tab for Board of Assessment Review instructions on this website.

Property Assessment Records


The website containing the Town of Malta’s Real Property information to the taxpaying public can be accessed here "Property Search". There are many items available, such as pictures of the properties, comparable properties by recent sales and attributes, and property inventory. This information is updated yearly with the tentative roll on May 1st, or April if notices are mailed early. If you have received a change of Assessment Notice, this site has been updated. Other search options such as Image Mate Online Saratoga are not updated until early May.

Real Property Information Disclaimer


The Town of Malta assessor’s office has compiled the data and images contained on this site for the sole purpose of assessing property value for taxing purposes. All information contained on this site constitutes public records and is available to the public pursuant to freedom of information laws. It is not intended for use by others or for any other purpose.


The Town of Malta does not accept any responsibility, financial or otherwise, arising from any use of this material, including loss of profit, indirect, special or consequential damages. The Town does not guarantee accuracy of any material appearing on this site. There are no warranties expressed or implied.