Am I understanding Prognose assessment changes correctly? (Nassau: house, taxes)
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Looking at small homes in Nassau county for half the year. I know big changes are coming for assessments. So when I look at the "Prognose" report from the county website, for a particular property, and the Prognose market value of house is way higher than shows on current tax bill, does that mean the house will soon be paying higher taxes based on more realistic assessment- perhaps phased in over 5 years? Or has none of this passed yet?
Obviously visa versa when market value shows higher on taxes vs. on Prognose report for people who never grieved their homes. Taxes will go down?
Is it that simple? That taxes will go up but phased in over 5 years if the market value higher on Prognose vs on current bill? Thanks.
Last edited by thinkofanamefast; 11-19-2018 at 06:32 AM..
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