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I just received the latest Nassau County Notice of Tentative Assessed Value for 2020/2021 and I am confused.
We purchased our house in Oct 2014 for $400,000. We never did anything to it. Never grieved any taxes.
Here is what it says
----------------------------------Valuation Date 1/2/2018---------------------Valuation Date 1/2/2019----------------------Change from 1/2/2018
Full market Value:----------------- $326,000------------------------------------------$493,000---------------------------------------- +$167,000
Level of Assessment -----------------.25%---------------------------------------------- .10%------------------------------------------- -.15%
Tentative Assessed Value ------------815------------------------------------------------493------------------------------------------------- -322
I have no idea what this means. If they are saying my house jumped $167,000 in the past year, then they are insane. I would never get this amount if I sold today. Not even close. Sounds like my taxes are going to go up by 1/3. If so, I'm out. I can barely afford the $13K I am paying now.
Last edited by trusso11783; 01-31-2019 at 04:17 PM..
I just received the latest Nassau County Notice of Tentative Assessed Value for 2020/2021 and I am confused.
We purchased our house in Oct 2014 for $400,000. We never did anything to it. Never grieved any taxes.
Here is what it says
----------------------------------Valuation Date 1/2/2018---------------------Valuation Date 1/2/2019----------------------Change from 1/2/2018
Full market Value:----------------- $326,000------------------------------------------$493,000---------------------------------------- +$167,000
Level of Assessment -----------------.25%---------------------------------------------- .10%------------------------------------------- -.15%
Tentative Assessed Value ------------815------------------------------------------------493------------------------------------------------- -322
I have no idea what this means. If they are saying my house jumped $167,000 in the past year, then they are insane. I would never get this amount if I sold today. Not even close. Sounds like my taxes are going to go up by 1/3. If so, I'm out. I can barely afford the $13K I am paying now.
Don’t freak out about the assessment value. Did you not get the 2 notices that showed your assessment and what your projected property tax increase (or decreases) will be? If not go to the mynassauproperty website and you can pull it from there. It will show what your taxes are projected to be if the increase happens at once and another figure showing over a 5 year period if the phase in happens
I don’t remember getting anything before this. I will look though. So, I imagine that I have been over assessed for years? If you guys see something that will be lower, that would be better. I’ll look at mynassauproperty and see what I can find. Thanks.
Just assessed $167k higher?! Unlikely taxes are going down regardless of the .25 or .10 factor. The tax impact notice will give the info based on today's numbers.
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