A new online tax estimate tool has been launched for city of Rochester residents.

Mayor Malik Evans says that it will allow residents to see an estimate of how the new tax rate will affect their upcoming 2024-25 tax bill.

“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,” Evans said in a statement. “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 online tool can be found on the city's website.

Officials say it will provide a side-by-side comparison of the net property tax burden from 2023-24 and the property’s estimated tax burden for 2024-25. Last year’s and the upcoming year’s anticipated homestead tax rates, assessed values, property tax portions of the tax bills, applicable tax exemptions, and how much the exemptions total will also be shown.