Post Renovation Tax (Brookhaven, Huntington, Nassau: home, school, exemption)

[eninety]

Just wondering after a large renovation that would require reassessment, what the timeline was? Does the county get you right away or is it like a year or two before they really hit ya?

[BBCjunkie]

It's the Town that delivers the hit, not the County. The new assessment amount comes from the Town and then all the entities (County, police, school, etc) base their percentages on that figure.

The timeline depends in part on when the tax roll closes. In Suffolk it's usually March 1st for changes that will affect the bill that's mailed in December. So if the new assessment figure hits the database on February 20th, say, you will see the result in your December bill; but if it doesn't hit until the summer, you probably won't see it until next year.

Again this is for Suffolk. Nassau may be different, and no doubt weird in several tax ways that I am blissfully ignorant of.

[Elke Mariotti]

Originally Posted by eninety

Just wondering after a large renovation that would require reassessment, what the timeline was? Does the county get you right away or is it like a year or two before they really hit ya?

Depends on your County/Town, and the extent of your work.
For instance, in the Town of Huntington, if eligible, it can be phased in over nine (9) years.

[MarilynC21]

If you live in Brookhaven Town, you can also apply for an exemption! This is the link to the application: https://www.brookhavenny.gov/Documen...l-Property-PDF . Apply as soon as possible from when your approval is issued. Pay attention to the dates the assessment rolls close.

[ovi8]

It took almost 2 years for us in TOB, and then the home improvement tax exemption which softens the hit over 8 years also played a big part in cost savings. The latter can't be an improvement over 50% of the structure though so it depends how "large" your project is.