It’s no secret that Long Island property taxes are high. In fact, New York City suburbs pay the highest taxes in the nation. While the average effective property tax rate in Manhattan is just 0.88%, and the statewide average rate is 1.69%, Nassau County and Suffolk County average over 2%, according to SmartAsset. It is […]
Property Taxes in Nassau County & Suffolk County Read More »
If you own property in the United States, odds are very likely that you pay some sort of property tax. This tax is very standard across the jurisdictions that make up the USA. Property taxes can be placed upon real estate as well as other forms of personal property. If you have property with value
Property Taxes in the USA Read More »
It has been a difficult year for everyone, including Long Island residents. Unfortunately, it has also been a difficult year financially for county and local municipalities, which are looking to close their budget gaps with yet another property tax increase for Long Islanders. According to a Newsday article, some Suffolk and Nassau County residents saw
How to Lower Your Long Island Property Tax Bill in COVID Times Read More »
If you are a new homeowner or have never bothered to understand how your property tax rate is calculated, one thing that you will need to understand is what assessed value is. On this page, we will cover everything that you need to know on this topic. Main Points 1. Assessed Value is What Determines
Guide to Understanding Assessed Value Read More »
Once you finally purchase your first home, you will probably be excited to plan out all the new space that you now own. While you are in the process of planning out how you will use your new property, one thing you will need to remember are the impending property taxes that you will now
Definitive Guide to Property Taxes in 2021 Read More »
If you were recently hit with a tax bill that caught you a little off guard, you might be on the lookout for how you can lower your property taxes for next year’s tax season. To do this, you will need to learn a little bit more about how property taxes work. Don’t worry though,
10 Tips for Lowering Your Property Taxes as Much as Possible – 2021 Read More »
Property ownership remains one of the best investment portfolios in the country. Many Americans save for years to buy their own homes, and the highlight of this journey is holding the keys to their home. With homeownership, also comes paying taxes on the ownership of that property. If you’re a property owner in New York,
Claiming a Property Tax Deduction on Your Federal Tax Filing Read More »
Taxes are an inescapable fact of life. If you’re a property owner in New York, property taxes form a big part of your tax liability. Property tax is paid on property owned by individuals or other legal entity and varies from one state to the other. This tax liability depends on the market value of your
How Does Property Assessment Relate to Your Property Tax Bill? Read More »
When we compare the average property tax of different states across the USA, the State of New York stands out among the top tier of those who pay the most in property taxes. Among the many different counties of New York, Suffolk and Nassau counties on Long Island have some of the highest property tax
Why Are Property Taxes So High in Long Island? Read More »
