Suffolk County’s crippled real estate market should make most homeowner’s property values take a nose-dive this year. The one silver lining in that dark cloud – you might have a great shot at lowering your property taxes. If you think you’ve been over assessed, you have a right to protest the assessment – which could mean tax dollars in your pocket. Let’s face it, in this economy every dollar counts!
The 2018 Tax Grievance season is here and it is setting up to be a big one! This is mainly due to another dismal year in the yet to recover Suffolk County housing market. In fact, according to the Long Island Board of Realtor’s (LIBOR), the county’s median sale price has tumbled another 4.9% since just one year ago. As if that’s not bad enough, looking deeper tells an even worse story. If you are the lucky owner of a Townhouse, or happen to live in a Home Owners Association (H.O.A), your property values are down a whopping 23.9% in the last 12 months, says LIBOR. A bad thing if you are trying to sell, a great opportunity if you are thinking about grieving your taxes!
Bottom Line:
If you have been on the fence about grieving your property taxes (even if have done it in the past, you will likely qualify again), due to the continued decline of the Real Estate Market, 2018 is the year for you to fight back and grieve! To make it even more appealing, some companies, such as Heller & Consultants Tax Grievance, located in Rocky Point doesn’t charge any upfront fees. Even better if the grievance is unsuccessful, you pay nothing. Heller & Consultants Tax Grievance by calling (631)782-3177, or you may also apply for a property tax grievance online.