Did you Grieve your Nassau County Property Tax this year?

[TGI7]

Originally Posted by DelightfulNYC

FULLY ASSESSED on a one Million dollar home is $700,000. And many folks are then taking that $700,000 and multiplying by .0019.

That gives a market value of $532,000. That is a common grievance calculation that the guys who do the mailings use.

Unless you went below 50% cents on a dollar of the actual market value of your house no one will bat an eye.

And I know folks who put one dollar on every applications. Mainly lawyers. they want to be rejected by ARC so they can take it directly to SCAR so even one buck is a very common grievance amount.

What percentage below did you do?

If you are talking about actual market value (that's based on last sale price right?). I am assessed at 58% of last sale price...so yea, already quite low. The new FMV I put down is 48% of last sale price based on the formula everyone seems to be using with 0.0019 (then I increased it a bit since the actual number is ridiculously low).

[DelightfulNYC]

Originally Posted by TGI7

If you are talking about actual market value (that's based on last sale price right?). I am assessed at 58% of last sale price...so yea, already quite low. The new FMV I put down is 48% of last sale price based on the formula everyone seems to be using with 0.0019 (then I increased it a bit since the actual number is ridiculously low).

That is around double what I put down so I guess I am the flagged one.

[ovi8]

Originally Posted by DelightfulNYC

You do not need to point the tool to comparable properties. That is optional.

Straight up if I was was filling out a scar on a house assessed at 400K (1,000) house that just sold for 400K

I would just do 400,000 x .0019 = a 760 assessment or $304,000 market value.

The SCAR judge would then agree. The .0019 is number ARC is using internally.

He would then say next and I go get coffee.

Sounds like I'd be denied, then would have to go to court... not exactly what I'm aiming for when I already have a lowered amount.

[TGI7]

So you guys don't think there's an internal ARC "hit list" for super under-assessed properties they maintain? I think I'm just being uber paranoid...