New Assessment Formula Adopted at 2009 Convention

 

4% on NOI from $1 to $50,000
10% on NOI from $50,000 to $200,000
15% on NOI from $200,000 to $500,000
20% on NOI in excess of $500,00

 

These brackets will be in effect for 2010 and beyond. The Canon  authorizes the Trustees to increase the dollar levels which mark the brackets (but not the percentages) to take into account inflation in the cost of the major items making up the budgets of parishes in the Diocese of New York.

NOTE: The Adjustment Guidelines and Process have changed. Read the new Guidelines.

See Also:

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