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.
Full Market Value $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.