Written by George Maragos Wednesday, 10 April 2013 08:26
Home prices fluctuate annually throughout Nassau County due to market conditions. In some cases, the price fluctuations may be uneven within the same area or amongst individual homes. The annual property re-assessment process, from the creation of the tentative roll to the end of the grievance process, is intended to deliver a final roll, which is as fair as possible, and free of errors. The grievance part of the process is intended to give homeowners the opportunity to point out and correct any errors in their individual assessment.
Under recent changes, the 2012/2013 roll will be frozen for the next three years. However, homeowners can continue to file annual grievances if they are able to establish errors in assessment or establish other facts demonstrating that the assessment is incorrect, such as a change in the condition of the home, or other newly discovered facts that indicate an incorrect assessment. This freezing of the roll, together with other enhancements, such as incorporating prior homeowner settlements and resolving most grievances prior to the final roll, will progressively improve assessment fairness and will eliminate the need for the county to refund taxes paid by correcting assessments before the roll is final.
Last year approximately 102,355 homeowners (28%) appealed their property assessments. Approximately 85% of these filers received an aggregate assessment value reduction of 13%. Most of these homeowners appealed because they either had received an increase in assessment or had no change in their assessment value from their prior year during a declining real estate market. According to the Department of Assessment, the “overwhelming” majority of the grievance petitions filed for the 2012/13 tentative roll were presented and evaluated based on “comparables” (when a homeowner compares his/her property to that of a neighbor).
Homeowners can appeal personally or they can retain a representative. In 2012, individuals who self-filed received reduction settlements in 92.1% of the instances, while those that used professional representatives received reduction settlements in 84.6% of instances. Both groups were also comparable in terms of a weighted average reduction with about 9.5% for self-filers and 11.1% for those represented. Consequently, there is no significant difference in success rate between a homeowner who files a grievance personally and one who uses a professional representative.
Given the above results, the Comptroller recommends that homeowners who have NOT filed a grievance during the last two years should file to allow the County to take a second look in order to ensure that their homes are valued the same as those that have already filed their grievances. The best method to appeal is on the basis of comparing your assessment to your neighbors and on the condition of your home.
To self-file a grievance simply go to https://www.nassaucountyny.gov/wps51/portal/AROW by the dateline of May 1,2013.
Connect with Nassau County Comptroller Maragos Online: http://www.nassaucountyny.gov/agencies/Comptroller/index.html.
Wednesday, 23 July 2014 00:00
These days Long Island residents are trying to save a buck whenever and wherever they can, especially when it comes to property taxes. To try and lend a helping hand, Republican Sen. Kemp Hannon and Nassau County Executive Ed Mangano recently teamed up for a property tax exemption workshop at the Farmingdale Public Library.
Communications Director Randolph Yunker with the Nassau County Department of Assessment explained that the workshops, which are held throughout the year in various communities, are a collaborative effort to bring the Nassau County Department of Assessments operations from Mineola to different communities, such as Farmingdale. He added that applications were on-hand in case any attendees were first-timers or pursuing a renewal of an existing exemption.
Friday, 11 July 2014 08:29
If you stopped by the Farmingdale Public Library this past week, perhaps you noticed all of the paintings and art pieces currently on display. For the entire month of July, the library will feature the many styles of artist/poet Ruth Lawrence.
“I’ve been exhibiting for quite a few years,” said Lawrence, “I am always happy to show my work.”
Lawrence, 87, of East Meadow, said she first began painting at just 12 years old. She recalls, at the time her sister had been dating someone who worked at an art supply store, and had gotten her some oil-based paints as a present.
Thursday, 17 July 2014 00:00
Throughout the summer, the Farmingdale Observer will feature the box scores from the Farmingdale Baseball League Inc.’s 9/11 Baseball Tournament.
Farmingdale Greendogs 7 - Seaford Vikings 6 (8U)
Syosset Cubs 18 - Plainview Hawks 1 (12U)
Thursday, 17 July 2014 00:00
Runners and walkers from Farmingdale and all over Long Island and beyond are invited to join in the fun on one of the most unusual 5 Kilometer courses on Long Island at the Saturday, August 9th Lynn, Gartner, Dunne & Covello Sands Point Sprint.
The Run presents the Long Island running community with an opportunity to traverse a unique combination of paved paths and runner-friendly woodland trails at the Sands Point Preserve.
The leading Nassau County law firm of Lynn, Gartner, Dunne & Covello has signed on to be the new lead sponsor of the event, with partner John Dunne and his wife planning on running the 5K distance. The Lynbrook Runner’s Stop will be back as the presenting sponsor.