Friday, February 10, 2017

Annual Survey of Income and Expense (ASIE) forms - A Reprieve From Penalties



Nassau County commercial property taxpayers won a reprieve from the penalties for failing to file the Annual Survey of Income and Expense (ASIE) forms with the Assessor.

The Court extended a restraining order barring Nassau County from enforcing hundreds of thousands of dollars of penalties against County businesses that were fined for allegedly not filing required financial reports with the County Assessor.


Nassau had warned commercial property owners in December that it would turn the fines into liens, accruing 12 percent interest annually.

Friday, February 3, 2017

Newsday Article Hits the Nail on The Head


The Newsday article featured on February 2, 2017, “Mangano’s Overhaul Created $1.7B Property Tax Shift in Nassau,” is right on the money. The article, which discusses residential and commercial real estate tax assessments in Nassau County, accurately explains that your taxes go up when anyone else receives an assessment decrease. The County website, mynassauproperty.com, understates the market value the assessor uses to compute your taxes by 40%.