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The equalization rate is equal to a town or cityâs total assessed property value divided by its total market value. The assessed value is determined by Mount Kisco, Palmer explained, while New York state determines the total market value.ince Mount Kisco is getting slammed this year, with Westchester County taxes set to increase by the upper single digits â Bedford school taxes could go up by double digits â Village Manager James Palmer at a recent Board of Trustees meeting what the equalization rate is and what it means for Mount Kisco.
The capitalization rate, often just called the cap rate, is the ratio of Net Operating Income (NOI) to property asset value. So, for example, if a property was listed for $1,000,000 and generated an NOI of $100,000, then the cap rate would be $100,000/$1,000,000, or 10%.