Do I try to grieve my taxes? (Huntington, Nassau: houses, transfer) - City-Data Forum

ooom416354 · 10-14-2009, 08:13 AM

Hello,
We recently bought a home and am wondering about grieving taxes. I don't think I can grieve them for 09-10 but probably for 10-11 right? Also, the current assessment on mynassauproperty shows the 09-10 assessment about 20k higher then what we paid for the home. However the 10-11 assessment has been slashed to about 40k lower then what we paid. Now, I'm guessing the tax rate will just be adjusted and this is what the town is doing to try to eliminate grievances but I'm not sure? Do I try to grieve the taxes? I'm saying no because my purchase price was higher than the 10-11 assessment.
Thanks in advance.

Smash255 · 10-14-2009, 10:50 AM

Quote:

Originally Posted by ooom416354

Hello,
We recently bought a home and am wondering about grieving taxes. I don't think I can grieve them for 09-10 but probably for 10-11 right? Also, the current assessment on mynassauproperty shows the 09-10 assessment about 20k higher then what we paid for the home. However the 10-11 assessment has been slashed to about 40k lower then what we paid. Now, I'm guessing the tax rate will just be adjusted and this is what the town is doing to try to eliminate grievances but I'm not sure? Do I try to grieve the taxes? I'm saying no because my purchase price was higher than the 10-11 assessment.
Thanks in advance.

By the 09-10 assessment I assume you mean 2010 assessment (09-10 school taxes and 2010 County & town taxes). I do not see much of a point in challenging the assessment for either 2010 or 2011. For starters as you mentioned you paid less than the assessed value for 2011. Also the 2010 assessment is likely too late to challenge and on top of that it is based of the values of Jan 08.

ooom416354 · 10-14-2009, 11:02 AM

yup 2010 assessment. since I'm too late for 2010 and 2011 has a lower assessment then what I paid for the house, it would be useless, right?

Smash255 · 10-14-2009, 07:12 PM

Quote:

Originally Posted by ooom416354

yup 2010 assessment. since I'm too late for 2010 and 2011 has a lower assessment then what I paid for the house, it would be useless, right?

Unless you can find comps from late 08 that were tens of thousands less than the assessed value (which for 2011 was as of Jan 09) and considering you bought the house for $40,000 more than the assessed value you would basically need to find comps from late 08 that were $60,000-70,000 less than what you recently paid for. Considering the market the chances of you finding comps from late 08 that much lower than what you paid for it is basically slim to nil.

superfly10 · 10-14-2009, 07:26 PM

also, it's about more about how your house was assessed, relative to the other houses... not itself. If all the property values have gone down in similar fashion... your share of the tax burden will likely stay the same, since the budget is the same.

ooom416354 · 10-15-2009, 07:40 AM

Yup - I guess I didn't know what it was exactly but your insight has helped. No need to bother as there really is no comps that would be less. thanks all.

Walter Greenspan · 10-15-2009, 10:26 AM

ooom416354, as superfly10 suggests, you do not grieve your property tax but you can grieve your assessed value.

The assessed value of your property is multiplied by the property tax rate for each taxing district that your property is in, and then summed to arrive at your total property tax bill.

The property tax rate in each taxing district is the revenue needed to balance that taxing district's budget (after eliminating any other revenue, such as intergovernmental transfers) divided by the total assessed value in that taxing district.

This is different than what happens in some other states where the it's the net-change in the property tax rate, oftentimes referred to as the mil levy, that is determined each year, either by administrative action or by a vote

hotkarl · 12-23-2009, 11:57 AM

The Nassau system seems like a sham. My assessments are dropping, but my taxes are still increasing. I know there are a few factors that supposedly make this legit, but my assessment dropped considerably over the last 2 cycles but the taxes still went up. I really thought by the large amount they dropped I would see some sort decline, even if was $20, but they still increased.
I just keep scratching my head in disgust.

Elke Mariotti · 01-08-2010, 06:49 PM

Quote:

Originally Posted by tonysZ06

You can grieve your taxes yourself. It's easier than most people think. Check out grieveyourtaxes.com

Your posts are mostly identical and basically all you do is refer them to that entiry - do you own the company by any chance?

DeadPool1998 · 01-10-2010, 06:22 AM

If you do, don't use Elizabeth Roche. I hired her to grieve and she did a terrible job. I bought my house in '07. She grieved in '08, long after the value of the house had plummeted. Without telling me, all she asked Huntington to do was value the house at the purchase price, not the estimated value. I received a letter from her yesterday asking if she could represent me today because she "has reason to believe the value of my house has declined further." No kidding! It was worth less than you valued it when you first grieved it.