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So, here I am waiting to for the inevitable of receiving the property tax increase for the new construction home I bought back in 2012. So far, I have been paying taxes based on the old home that was there. However, the new home did get the new assessment and I'm expecting to get ramped up the huha in taxes in the comming year (school 15-16 and town 16). Is there anything that can I can do now to lower the new assessed value? Should I contact a tax reduction lawyer and see if they can challenge the new assessment?
So, here I am waiting to for the inevitable of receiving the property tax increase for the new construction home I bought back in 2012. So far, I have been paying taxes based on the old home that was there. However, the new home did get the new assessment and I'm expecting to get ramped up the huha in taxes in the comming year (school 15-16 and town 16). Is there anything that can I can do now to lower the new assessed value? Should I contact a tax reduction lawyer and see if they can challenge the new assessment?
Any advice is much appreciated.
Thanks
If it is in Nassau your new tax bill in on-line already at the land record viewer site.
Sort of misleading how you titled it. If it had been you doing the new construction, you may have qualified for the Home Improvement Property Tax Exemption (link) that lasts 8 years. But the greater portion of the home needs to be at least 5 years old (you improved upon less than half of it like a 2nd floor).
Other than that, you are in for a rough one but should've expected it (did the realtors try to hide the inevitable increase?). We are doing the exemption and successfully grieved so we are still not really feeling the effects 4 years later. Grieve your taxes.
Sort of misleading how you titled it. If it had been you doing the new construction, you may have qualified for the Home Improvement Property Tax Exemption (link) that lasts 8 years. But the greater portion of the home needs to be at least 5 years old (you improved upon less than half of it like a 2nd floor).
Other than that, you are in for a rough one but should've expected it (did the realtors try to hide the inevitable increase?). We are doing the exemption and successfully grieved so we are still not really feeling the effects 4 years later. Grieve your taxes.
But that is only for a max market value of 80K otherwise full tax rate.
Has to show sold comps of NEW builds comparable to his that are assessed at less than he is.
Doesn't have to be a new build, just one in the same area of the same style having similar beds/baths. Assuming colonial - plenty have been assessed lower than they should be. Let them decide it doesn't qualify. The only time you really can't grieve is if you're already low and can't find any comps lower.
System is such a scam, but they have to get their money somewhere.
Last edited by ovi8; 01-07-2015 at 03:22 PM..
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