Are Nassau County Property Taxes Going Down?

Are Nassau County Property Taxes Going Down?

Nassau County finally got on the band wagon and agreed to reduce the assessed value on the majority of properties in the county for the years 2010/2011. However just because your assessed value goes down doesn't mean your yearly tax bill will be reduced. According to the Nassau County Department Of Assessment http://www.mynassauproperty.com/ for the 2009 tax year county taxes only accounted for 17.3% of your tax burden. Town and village, city & special district taxes make up 20% and school taxes 62.7% The amount of taxes in dollars the local government collects from you is based on it's expenses, divided by your assessed value. So when local government expenses go up the burden is divided according to your assessed value. The higher your assessed value the more of the pie you will be responsible to pay. So yes even if your assessed value goes down your yearly tax bill can go up. If you would like to challenge the county market value of your home, your property tax classification or exemption status, you may file an application for correction of assessment at www.nassaucountyny.gov/arc between January 2, 2009 and March 2, 2009 or by calling the assessment department at 516 571-1050.
Mark Schreier ,LSA
http://www.toplirealtor.com/