With news late last month that the New York State Legislature extended the 2-percent property tax cap another four years, we took a look back at the property tax warrants — the amount of property taxes collected by the town each year, including school, town, county and other taxes — in the two North Fork towns to see if taxes had increased at a lesser rate since the law was enacted.
We found that not only had the tax warrant increased at a slower pace in Southold and Riverhead towns since 2012, it did so at a significant rate. (more…)
Anyone who builds a home addition or installs a swimming pool can reasonably expect their property assessment, which measures how much a house is worth and then taxes accordingly, to increase. But homeowners who think they’ve been unfairly charged have the option of filing a grievance with their town’s tax assessor’s office.
Just be sure to act quickly, because the deadline to file a grievance in New York State this year is Tuesday, May 19.
“Generally speaking, a lot of people don’t have a good impression of what their house is worth,” said Paul Henry, who has owned Tax Reduction Services in Greenport since 1990. In 2014, he said, the company helped more than 10,000 clients in Suffolk and Nassau counties file grievances in an effort to reduce their bills.
“What we do is find inequities,” Mr. Henry continued. “We look for properties that are being overvalued for the purpose of property taxes and then establish a value we think is more correct.”
Gov. Andrew Cuomo announces a proposal to offer certain residents a property tax credit on Wednesday. (Credit: Governor’s office)
It’s one of two things, according to Benjamin Franklin, that is certain in life: taxes.
And one proposal by New York Governor Andrew Cuomo aims to at least ease the tax burden for about 1.3 million people across the state.
While the governor can’t pass legislation preventing another of Mr. Benjamin’s certainties from occurring — death — his ‘Opportunity Agenda’ would provide an average $1,150 in annual tax credits for over 125,000 homeowners in Suffolk County, and 1.3 million across the state. (more…)