Thursday, August 6, 2015

Real Estate Tax Reduction for Damaged Property

Super Storm Sandy is long gone, but high real estate taxes remain on many damaged properties in Nassau and Suffolk counties. The assessors have reduced real estate taxes for those commercial and residential property owners who filed tax certiorari complaints. Properties with similar damage that did not file complaints, for the most part, did not receive tax assessment reductions. Even if a property received flood insurance, a FEMA payment, or financial assistance from NY Rising protests, the real estate tax assessor had to be separately filed. The next filing date for complaints in Nassau is January 2016, and May 2016 for Suffolk. Mistakes about the assessment can be made at any time; certainly, a property that became uninhabitable should have had the real estate tax assessment substantially reduced.


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