20220721 10413700 1.0 TRUE General Source and Contact: Data based on latest parcel extract for 2022 (updated October 2022), Neighborhood data updated November 2022) Please <a href='https://tompkinscountyny.gov/assessment' target='_blank' rel='nofollow ugc noopener noreferrer'>contact the Assessment Department</a> for any questions.Description:Have you ever wondered what that "Neighborhood" category means on your property listing? Well, you are not the only one that has asked that question so hopefully this page will provide the answers that you are looking for.The International Association of Assessing Officers (IAAO) defines a neighborhood as "(1) The environment of a subject property that has a direct and immediate effect on value. (2) A geographic area of properties sharing important location characteristics defined for purposes of market analysis or modeling (typically with fewer than several thousand properties)." Notice both of these definitions revolve around the notion of effect of location on value.The Tompkins County Department of Assessment has separated Tompkins County into separate neighborhoods or market areas. These neighborhoods were created by analyzing sales of real property. These sales were then delineated according to differing market factors within each municipality.The neighborhood code is a 5 digit number. The first 2 digits refer to the municipality's State Wide Identification System (SWIS). For example the SWIS code for the Town of Caroline is 502000 or for explanation purposes 50-20-00 (50 for Tompkins County, 20 for Town of Caroline, 00 for no village present). The neighborhood codes for Caroline will thus start with 20. The 3rd digit of neighborhood codes is always a zero. The 4th and 5th digits explain the "value" of the neighborhood. The lowest valued neighborhood would be 10 and as the value of the neighborhood increased, so would that value to 20. For example, there are 3 neighborhoods in the Town of Caroline: 20010, 20020 and 20030. Neighborhood 20010 is the lowest valued neighborhood. Neighborhood 20020 is valued higher than 20010 but less than 20030.Now there are some exceptions to this. If the neighborhood consists of lakefront properties the last 2 digits will always be a 40 regardless of how valuable the lakefront is compared to other neighborhoods. Also, the neighborhoods in the city of Ithaca do not follow this numbering scheme.Description Source: Franklin, Jay. “Neighborhood Maps.” Assessment Neighborhood Maps, Tompkins County Department of Assessment, 1 July 2017.Open to the Public.Tompkins County Department of Assessment, Tompkins County GIS.Tompkins County Neighborhood based on Market Values for 2022