Long Island Tax Grievance

Nassau and Suffolk County Tax Insights

Are you tired of receiving annual notices of property tax increases? Navigating through the intricacies of property tax calculations and seeking ways to reduce your tax burden can be overwhelming. On Long Island, where property tax rates can be notably high, it’s essential to distinguish between myths and facts surrounding property taxes to make informed decisions about your finances. Let’s debunk some common misconceptions and shed light on the realities of property taxation in Nassau and Suffolk County.

Myth #1: The State Sets Your Property Taxes

False. Contrary to popular belief, property taxes in New York are determined by local municipal governments, not the state. Your property taxes contribute to funding essential services such as schools, road maintenance, and emergency services within your community. Municipalities calculate tax rates based on the total amount needed to be raised from property taxes (tax levy) divided by the taxable assessed value of real property in the locality.

Myth #2: Assessors Control Property Taxes

Misconception. While local assessors determine the market value of properties, they do not set property taxes. Assessors assess properties differently across New York. For instance, Nassau County and New York City assess properties at their total market value, whereas Suffolk County and other counties assess properties at a uniform percentage of market value.

Myth #3: High Assessments Lead to High Taxes

Not Entirely True. While high property assessments can contribute to higher tax bills, the primary factor influencing tax amounts is the local tax rate. Even with differing property values, variations in tax rates can result in comparable tax bills for properties of different values within different towns.

Myth #4: Lower Assessment Means Lower Taxes

Not Always. A decrease in property assessments doesn’t always translate to reduced taxes. If the overall property values decrease but the tax levy remains constant, tax amounts may stay the same. Similarly, if property values increase but the tax levy remains unchanged, taxes won’t necessarily rise.

Myth #5: No Tax Relief Options Exist for Long Islanders

False. While not universally applicable, several exemptions can help lower property taxes for eligible residents. These exemptions include provisions for senior citizens, veterans, and persons with disabilities. Each jurisdiction may offer different exemptions, so it’s essential to inquire with your local tax office about available relief programs.

Myth #6: No Control Over Property Tax Bills

Partial Myth. Property owners do have some control over their tax bills. Making property improvements can affect assessments, and filing a tax grievance can contest over-assessments, particularly in Nassau and Suffolk Counties.

Myth #7: One-Time Only Tax Grievance

False. In New York State, property owners can file tax grievances annually without risking increased assessments. A failed grievance one year doesn’t preclude success in subsequent years, making it worthwhile to pursue tax reductions regularly.

By debunking these myths and understanding the realities of property taxation in Nassau and Suffolk County, you can take proactive steps to manage your property taxes effectively and alleviate financial burdens. 

If you’re tired of constant property tax increases on Long Island, it’s time to explore your options. Understanding property tax assessments and seeking relief through consultation with a property tax lawyer can make a significant difference. Don’t hesitate to appeal your property tax assessment if you believe it’s unfair. There are avenues for assistance and potential refunds available.

For personalized assistance with tax grievances and navigating property tax complexities, consider consulting with Schroder & Strom, LLP, your trusted local expert in property tax matters.