Tuesday, April 4, 2017

Suffolk County Real Estate Taxes

The new tax assessments for ten towns in Suffolk County: Huntington, Babylon, Smithtown, Islip, Brookhaven, Riverhead, Shelter Island, Southold, East Hampton, Southampton, will be published on May 1, 2017 and must be protested by May 16, 2017- a very short window.

Although the assessment might remain the same as last year, the ratio of assessment to market value changes each year. Therefore, the assessor’s estimate of market value might increase without any assessment increase. Of course, the taxes will almost certainly increase this year. Therefore, it is prudent to have each property tax assessment reviewed each year.


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