Friday, March 26, 2010

Suffolk County Property Tax Assessments Mailing

Watch out for a plain looking correspondence from your Suffolk town assessor. Do not throw it away. It is a potential missive of higher taxes. The letter might even describe a lower real estate assessment. A lower tax assessment does not necessarily mean lower taxes; it more likely means higher tax rates. Similar to Nassau each school district and special district has its own special tax rate. Therefore, everyone in Huntington does not pay on the same tax rate. Where Southampton town did a revaluation a few years ago the town of Babylon has not done a revaluation in decades. The bottom line is you won’t know your bottom line until the tax bills arrive in December and then it will be too late to complain.

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