These are confusing times to be a Nassau County taxpayer. Recently you may have received a 2020-21 “Assessment Disclosure Notice” regarding the county’s recent reassessment from Nassau County Department of Assessment. The letter you received pertains to the 2020-21 tax year, these tax bills are not released until October 1, 2020 (School)/January 2, 2021 (General). […]
Nassau County 2020-21 Re-assessment & How It Affects You Read More »
Many homeowners are not aware that it is possible to reduce the property taxes that they pay. Each year, they nonchalantly look or wince at the escrow notice on their mortgage and pay up without giving it a second thought. Just 2% percent of all homeowners appeal their property tax assessments (the first step when
Save Money By Appealing Your Property Tax Assessment Read More »
Before you scramble to prepay the tax bill on your property, verify that the deduction is allowed by the IRS. The IRS Tax Property has stated that not every taxpayer can prepay his or her property tax bill. -Before the changes take effect, taxpayers can perform year-end tax actions like prepaying the property taxes for
Why You Should Not Scramble To Make A Prepayment On Your 2018 Property Tax Bill written Read More »
The Carry Forward policy in Nassau County allows property owners to enjoy annual tax reductions continuously. Nassau’s Assessment Review Commission gives settlement offers to people who appeal against the tax assessment on their houses. Those who repeat the appeal every year get reductions that are automatically carried forward in the group of people who negotiate
Nassau County’s Carry Forward Policy Found To Be Unjust Read More »
A proposed change in the Republican plan to redefine the federal tax code is basically impractical to Long Island property owners while enormously affecting their capability to take a property tax deduction. This is what critics and analysts said after a long-awaited proposal was disclosed. Under the current plan that has the backing of President
Long Island’s school spending may increase to an average of 2.35% for the 2017 – 2018 school years, with school increasing by up to 1.73% more compared to the 2017’s current hikes, yet only within state tax-cap restrictions for the large majority of districts. According to the state Education Department, specifically from the figures, they
Long Island School Budget’s Increase Property Taxes Read More »
Nassau County Executive Edward Mangano received a warning Last July that in 2017 the popular tax cut which averaged one hundred and sixty-six dollars would no longer be applied. Even though he was warned about it, Mangano failed to inform about 44 thousand senior citizens who did get the abatement concerning the end of the
E-mails: Tax abatement end notifications did reach Edward Mangano’s staff Read More »
After he got elected, Edward Mangano’s tax overhaul led to the creation of 2 different property assessment systems that are not only unequal but also separate The Nassau County Executive’s actions seem to have had a massive impact on the county’s economy. 1 system covers about sixty-one percent of the country’s commercial and residential property
$1.7B Tax Shift in Nassau Created by Mangano’s Overhaul Read More »
Whether you believe in resolutions or not, making a list of action items can help you achieve your goals in 2017! Here are some great items to add to your list as you set goals for the new year, and set yourself up for success! 1- Review your business plan. Now is a great time
4 New Year Resolutions for Real Estate Agent Success in 2017 Read More »
