If a taxpayer files a false or fraudulent return with the intent to evade tax or does not file a return, tax may be assessed at
Taxes on homes assessed at
the median value throughout the county are increasing, anywhere from 2.
Every property in Ontario is entitled to be assessed at
fair market value .
Thus, while the question is assessed at
the lowest possible level at which the student can answer it, the answer is assessed at
its highest possible level.
Pointing out that the burden of New York City real estate taxes is not equitably distributed, the Real Estate Board of New York (REBNY) has called for "a two-class property tax system with all properties assessed at
100 percent of market value and no caps on assessments.
Accordingly, if a return is "false or fraudulent," there is no stopping the tax from being assessed at
any time--be it two or 22 years after the return was filed.
All property owners with income producing properties that are assessed at
$40,000 or more are supposed to file either an RPIE, an exclusion form, or an agreement to use the 1993 Tax Commission Income and Expense Statement.
The basis for the lawsuit, now before Judge Stanley Parness, is that Con Ed's property was not being assessed at
a uniform percentage of value.