Readers ask: How To Argue For A Reduction In Your Real Estate Taxes In Nassau County?

How can I lower my property taxes in Nassau County NY?

There are two basic ways you can reduce your Property Taxes:

1. File A Property Tax Grievance. A Property Tax Grievance is a formal complaint that is filed contesting a town’s assessed value of a specific property.
2. Lower Your Assessment through Exemptions.

How do you argue for lower property taxes?

Here’s how to appeal your property tax bill, step by step:

1. Read Your Assessment Letter. Local governments periodically assess all the real estate they tax.
2. Decide If a Property Tax Appeal Is Worth Your Time.
3. Check the Data.
4. Get the “Comps”
5. Present Your Case.
6. Appeal If You Don’t Like the Review.

How do I write a letter of appeal for property taxes?

Property Tax Appeal Letters: How & When To Submit

1. Include phrasing that indicates the letter is a “formal notice of protest.”
2. List the account number or numbers you plan to protest.
3. State the reason(s) for protesting.
4. Sign it and send it.

How long does it take to grieve taxes in Nassau County?

The complete tax grievance process usually takes from 9 to 24 months. Once a grievance is filed, you are all set for that filing year. Usually, the case will reach final determination before the tax bills are created.

Where is the cheapest place to live Long Island?

The 10 Most Affordable Suburbs in Long Island

1. Smithtown. The town of Smithtown is located in Suffolk County.
2. Stony Brook. The Suburb of Stony Brook is located in Suffolk County in the town of Brookhaven.
3. Massapequa Park. Massapequa Park is a suburb in Nassau County in the town of Oyster Bay.
4. Wantagh.
5. Commack.
6. Holtsville.
7. Bellmore.
8. Lake Ronkonkoma.

Why are Long Island property taxes so high?

Property Values Are Higher In comparison, the median price of homes across the USA is about $250,000. This means that property values in Long Island are more than twice the national average. For this reason, those who live here will naturally have higher property assessment rates.

Is it worth it to protest property taxes?

While you may never save a fortune in any given year with a successful protest, you should always protest your property’s value. With a yearly effort you could end up saving several hundred to several thousand dollars in property taxes over time.

What makes property value decrease?

Having short sales and especially foreclosures on your street decreases the value of your home. Even if they are not direct comparables, as in same square footage and the number of bedrooms and baths, they are in your immediate neighborhood, so can make the entire area depreciate in value.

How does owning a home help with taxes?

The main tax benefit of owning a house is that the imputed rental income homeowners receive is not taxed. It is a form of income that is not taxed. Homeowners may deduct both mortgage interest and property tax payments as well as certain other expenses from their federal income tax if they itemize their deductions.

What do you say in a property tax protest?

Craft a convincing argument. Do not—and I repeat do not—answer, “I don’t know.” Also, don’t say, “What it was last year.” Give them a number. If your number differs from what you originally put on your protest form, it’s acceptable to say, “I’ve done some more research, and I now feel like $X is a more accurate value.”

How do I write an appeal letter?

How to write an appeal letter

1. Review the appeal process if possible.
2. Determine the mailing address of the recipient.
3. Explain what occurred.
4. Describe why it’s unfair/unjust.
5. Outline your desired outcome.
6. If you haven’t heard back in one week, follow-up.
7. Appeal letter format.

How do you fight an assessment?

You must file an Assessment Appeal Application, form BOE-305-AH, obtained from the clerk of the board of the county where your property is located. Some counties have this form available on the website of either the clerk of the board or the county assessor, or both.

How do I grieve my taxes on Long Island?

Filing the grievance form Use Form RP-524, Complaint on Real Property Assessment to grieve your assessment. The form can be completed by yourself or your representative or attorney. File the grievance form with the assessor or the board of assessment review (BAR) in your city or town.

Should you grieve your taxes every year?

When you grieve your property tax assessment, you may or may not get a reduction, but you ‘ll never have your assessment increased as a result of filing a grievance — that’s the law in New York State. So we hope you agree that it’s a smart move to grieve your property tax assessment each and every year.

How do I grieve village taxes in Nassau County?

Ways to Apply for Tax Grievance in Nassau County:

1. Submitting an online application is the easiest and fastest way. Click Here to Apply for Nassau Tax Grievance.
2. Click this link if you prefer to print out the application in PDF form and fax it to 631-782-3174.
3. Or you can call us at 516-342-4849.