These are confusing times to be a Nassau County taxpayer. Recently you may have received a 2020-21 “Tax Impact Letter” regarding your homes new assessed value and corresponding tax liability.
The Tax Impact Notices are designed to illustrate how your property taxes will change once the new assessment is in place. In actuality, the notice is based on the 2017/18 tax rates making the estimate suspect at best, completely misleading at best.
I believe the notices should have have been based instead on the school and county budgets taking into account the massive tax rate increase that will be necessary to accommodate the new ratio of .10. Part of the County Executive’s plan is to bypass New York State’s longstanding law of increasing your assessment by no more than 6% per year. This will have disastrous consequences for many Nassau homeowners. My hope is that Ms. Curran will rethink think this proposal.
One thing is clear, the tax rate for many neighborhoods is going to increase substantially if Nassau moves forward with its current plan. This will be especially true without the proposed 5-year phase-in, should the NYS Legislature decide not to pass the proposed law to make the phase-in possible. In fact, this bill has yet to be even introduced to the NYS Legislature.
I strongly advise all Nassau homeowners to file a tax grievance application for the 2020-21 tax year before the March 1, 2019 filing deadline.
Bottom line, Nassau Homeowner’s will not know the full extent of the countywide reassessment until October 1, 2020 far after the March 1, 2019, legal filing deadline has passed.
If you would like to submit an application for us to grieve your 2020-21 tax year, legal filing deadline March 1, 2019, simply click the orange “Apply Today” button below.
As always, should you have any questions, please feel free to contact our office at (516) 342-4849.
Adam B Heller
President & CEO
Heller & Consultants Tax Grievance LLC