Wednesday, February 17, 2010

15 Seconds of Fame

Residents Concerned Property Taxes Have Errors - Rick Fromewick featured on News 12

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It was so nice to be considered an expert on Tax Certiorari by News 12 about Nassau County's Assessment system, especially because the last date to file for a property reduction is Monday, March 1, 2010. After all my preparations and stress of answering the reporters questions I managed to get about 15 seconds of fame. Maybe Andy Warhol was right. At least they left my response that, "Assessments are usually wrong, that's why most people file for a tax reduction.”

Tuesday, February 16, 2010

Nassau County and New York City Real Estate Tax Protests

Real estate values are continuing to fall in many areas, and certainly for commercial properties it may get even worse. So, when tax assessments are reduced, it's only appropriate. However, many assessments are not reduced nearly enough. The assessments are very uneven with some areas being reduced by 20% and other areas reduced by only 3%-5%. That's why every assessment should be checked. And guaranteed lower assessments will generate higher tax rates. A grievance, also called a complaint, or application to reduce property tax, must be filed by March 1, 2010 to protect your rights to protest your 2011/2012 assessment.