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Thee was $102 M in refunds fo rlast year, $82M in commercial, $20M in residential, one owner received a $6M refund, I would love to know the details.
"Although past administrations had provided lawmakers with that basic information for commercial challenges, Ciampoli had simply listed 6,500 business properties by their parcel number and refund amount. For one property, the refund totals $6 million. Lawmakers must approve all settlements of more than $100,000.
"Nassau County has a control board with a control period and that has changed the field substantially and that is why you have what you have before you," Ciampoli told members of the county legislature's Finance Committee."
We did it ourselves in the Town Of Brookhaven. It was a lengthy process (8 months or so). We had a very strong case (house over valued by more than 100K), but the process was not that difficult. You basically file the grievance with the tax assessor, wait until they get around to looking at it, they give you a decision.
In our case, we were reduced by about 15% of what we were asking for. I then submitted paperwork to effectively take the Town to Small Claims court. It then comes down to going in front of judge who can decide if you should get the full deduction. In our case, I got a call from the assessor offering me a deal (85% of what we were asking) in return for not dragging it into court. We were happy with that.
Like I said...it was a drag, but not a very difficult process. The town assessor has all the paperwork. In our case, the taxes dropped $3000 a year, so I saved a lot by doing it myself.
Niiice! that's the route I'll take too then!
Question: Why didn't you play hard ball for the full amount you were looking for? Why settle for 85%?
Niiice! that's the route I'll take too then!
Question: Why didn't you play hard ball for the full amount you were looking for? Why settle for 85%?
My guess is it's the proverbial "bird in the hand" vs. "two in the bush" rule: they knew what they were getting--you never know how the judge is going to rule, could have been less than 85%.
BTW, any reduction is capped at 25% of the current assessment.
Besides pools and detached garages and such, are all the taxes based on square livable footage? So the number of bathrooms doesn't matter? So If I have 2,000 sq. ft and the neighbors house is 2,000 sq. ft.(apples to apples) we should have the same taxes?
Besides pools and detached garages and such, are all the taxes based on square livable footage? So the number of bathrooms doesn't matter? So If I have 2,000 sq. ft and the neighbors house is 2,000 sq. ft.(apples to apples) we should have the same taxes?
The taxes are based on assessment value, not simply square footage. SF is part of the assessed value just like # baths, finished basement, deck, garage, pool, extensions, etc basically any improvements which would affect the value of the property. So if there were two ranches, built the same year, each having 3br/2ba with 2000 sf and no other improvemnts then yes, theoretically teh taxes or assessed value should be the same.
If you are considering grieving, comparables will be sought which are close to your house in terms of age, #beds/baths, style (ranch, colonial, etc), sq footage, and within a location radius . These comparable sale properties will be selected within a window of when your house value should be established, in Huntington its July 1st I believe, in order to establish the value of your property to base the assessment.
I finally got my grievance notice yesterday, took about a year, taxes lowered $1200 due to assessment change of -93k.
I know Im def. over assessed after looking at the neighbors house across the street which is listed for sale now. Same style, same sq. footage, same size in ground pool, etc. And they have one more bedroom and 2 1/2 more baths.
Is there a way to find out assessed values of homes in the area online somewhere? Would love to be able to find out that way. I have a feeling for me it would be hard, most of the houses in my area are 70-100 years old, mine is only 15.
Is there a way to find out assessed values of homes in the area online somewhere? Would love to be able to find out that way. I have a feeling for me it would be hard, most of the houses in my area are 70-100 years old, mine is only 15.
If you are in Brookhaven, 11776, then I do not believe the information is available online. Huntington has the information online as well as Nassau I believe.
I know Im def. over assessed after looking at the neighbors house across the street which is listed for sale now. Same style, same sq. footage, same size in ground pool, etc. And they have one more bedroom and 2 1/2 more baths.
What town are you in? If you look at your tax statement you should be able to see your current assessment, it may not be in dollars, you may have to convert it. Once you have your current assessment value, you can use MLSLI or other RE sites to do a quick check of some comps to get a feel for what your house value should be. If you are in Huntington, its real easy as everything is available on the web.
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