Nassau Real Estate Tax Changes

The Assessor is still sending out tax assessment changes.  Therefore, the filing period to protest/complain/grievance on commercial and residential properties has been extended from March 1st to April 1st, 2020.

            April 1^st is known as April Fool’s Day – how appropriate.  Do not be fooled if the new assessment is lower than last year.  Assessments are not market values.  Only when you know the ratio for the 2021/22 tax year can you calculate the market value the Assessor is estimating for your property.  We expect the tax rate to increase 10 – 15% on the October 2020 school tax bill. 

            Protect yourself and have the new assessment checked by an experienced practitioner – not a blind mailing that comes to your e-mail and mailbox weekly.

NASSAU TAX ASSESSMENT FILING EXTENDED

Once again the Nassau grievance period to complain about your commercial and residential property real estate tax is extended until April 2, 2020. There were so many changes; many increases and decreases that there is an unprecedented number of filings protesting the assessment.

That means you will continue to get solicitations from “volume house” firms to file tax certiorari protests.  While it is a good idea to have your tax assessment reviewed, it is not every property that is over assessed. 

It is a property is purchased for $800,000 in a neighborhood of $800,000 homes, then filing a grievance when your assessment is only $650,000 might not be a wise idea.

Blindly, filing a tax protest without having it reviewed by an experienced practitioner could be a waste of time and possible increase in future assessments.