Tuesday, January 2, 2018
Richard Fromewick Authors, “Nassau County Real Estate Tax Increase In 2018”
A new year and a new higher real estate tax assessment! This is certainly a difficult way for Laura Curran’s Democratic Administration to start off the New Year – being handed a broken system and having to handle numerous complaints from angry residents who don’t understand that it will take time to correct the underlying tax assessment problem in Nassau County.
In addition to residential real estate tax assessments, there are hundreds of millions of dollars owed for overpayment of real estate taxes to commercial property owners. It will take some imaginative thinking to reform the way the assessment system has “not worked” the last eight years. The challenge will be to correct inaccurate assessments early, before years of excessive taxes are collected. There is also a challenge to taxpayers to keep good records and to be in a position to prove over assessments, if warranted. The Nassau and New York City protest period begins now and is open until February 28, 2018. Suffolk protests start in May.