Defining property tax Property tax is an ad valorem tax on real estate that is computed by a local government and paid by the property owner. Normally, the tax is based on the property value, and this includes land. The local government uses the assessed tax to finance public schools, sewerage and water supply improvements, […]
What Is Property Tax? Read More »
The New York State Department of Taxation and Finance has prepared a list of several common myths about property tax that can also be applied in other areas. Listed below are these common myths and misconceptions about property tax: Property taxes are set by assessors This is not true. Assessors only establish a property’s market
Common Myths and Misconceptions About Property Tax 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 »
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 »
Anyone who wishes to appeal their property bill needs to first of all carefully read their real estate assessment. You can actually reduce your property tax bill and the best way to do that is to appeal the value that your home was assigned by the taxman. It’s this value that’s used for calculating the
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When it comes to commercial property taxes (CPTs), they are not only about due dates. In fact, there are many businesses that view these taxes as a fixed cost. On a yearly basis you get a bill, you pay it and then you move on. If you wish, this is very much like a truly
Top 5 Ways You Can Use To Pay Fewer Commercial Property Taxes Read More »
A lot of people think that the process of filing their property tax grievance is very difficult, yet that’s not true. All you have to do is research a bit about it, fill out a form and after that, you just have to write a supporting letter. Once you take these steps, all you need
Understanding The Property Tax Grievance Process 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 »
