Under the new county property assessment plan, residents will likely be seeing either an increase or decrease in the county portion of their tax bill, which amounts to about 20 percent of a total tax bill. For Port taxpayers, they predict an average increase of 17.03 percent, the second highest increase in the county. Sea Cliff is facing a 30 percent increase, Manhasset is third on the list with 16.81 percent. Other areas looking at double digit increases include Great Neck (11.03) and Garden City (11.53). On the other hand, Towns like Amityville, Freeport, Hempstead and Roosevelt will be enjoying double digit decreases.
The reassessment will correct the valuation of properties in the county, by bringing them up to date, for tax purposes.
The county's reassessment of property values is due to a State Supreme Court-ordered legal settlement of a lawsuit filed by Roosevelt residents who claimed the antiquated 62-year-old Nassau County property assessment plan was overtaxing low income homeowners in minority communities while undertaxing homeowners in more affluent communities.
At a press conference in Mineola on July 10, Nassau County Board of Assessors Chairman Charles O'Shea, presented a chart showing the average reassessed property value in each in each of the 63 school districts, paired with the percentage increase or decrease in the share of county value for that average property. (That chart is reproduced to accompany this story.) These are averages only. All county residents will receive their individual property reassessments in the mail by Sept. 1.
Using two extremes as examples, under the new plan, homeowners in the Roosevelt School District could see as much as a 17 percent decrease in the assessment of their properties, while homeowners in Sea Cliff could see an increase as high as almost 30 percent in their property valuations. The valuation shift will be reflected in tax bills.
"As the elected chairman of the Nassau Board of Assessors, I have an obligation to all Nassau property owners to achieve an accurate and equitable assessment value for all properties in the county," stated O'Shea. "These new market values represent the diligent efforts of a team of highly qualified mass appraisers employed by CLT (Cole Layer Trumble, the county's real property reassessment agent) on behalf of the county and its residents. A more accurate assessment system benefits everyone in Nassau County."
"The first tax bill where these new assessed values would be used will be the October 2003 school tax bill. The first county and town tax bill will be in January 2004. Incorporated villages will have the option of using these new values in June 2003." O'Shea said.
Upon receiving their notices, Nassau homeowners are encouraged to carefully examine them and contact CLT regarding any discrepancies of property description or estimated market value. Nassau residents may contact a CLT representative at 873-9701 to arrange an appointment at the company's Information Review Office located at 1100 Prospect Avenue in Westbury to discuss how the values were established. CLT will conduct information review meetings with residents from July 15 through Nov. 20.