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Top Three Myths Surrounding Nassau County Property Tax Grievance

A property tax grievance is a complaint that you must file with your town council to contest the assessed value of your property. Your property assessment is the value that ties the total worth of your home to a taxable amount. However, sometimes your assessment does not correctly match your homeu2019s value.

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Top Three Myths Surrounding Nassau County Property Tax Grievance

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  1. TOP THREE MYTHS SURROUNDING NASSAU COUNTY PROPERTY TAX GRIEVANCE

  2. A property tax grievance is a complaint that you must file with your town council to contest the assessed value of your property. Your property assessment is the value that ties the total worth of your home to a taxable amount. However, sometimes your assessment does not correctly match your home’s value.

  3. Suppose your property is being assessed at a higher price than it is worth. In that case, you are eligible for a Nassau County property tax reduction, including potential impacts on school taxes via the grievance process. However, much misinformation and myths surrounding property tax grievances in Nassau County discourage homeowners from taking this critical step. So today, we will bust some common myths and misconceptions surrounding property tax grievances in Nassau County.

  4. 1. You Can Do Nothing If You Disagree With The County’s Assessment. Despite many changes in the county’s recent reassessment, your right to grieve is still the same! You can always submit a complaint if you find an issue or error in your real estate’s description or think your tentative assessment could be high. File an Application for Correction of Assessment with the Nassau County Assessment Review Commission by yourself or with the help of a professional. It’s always best to get help from a professional since they are well-versed in the process and know how to do it right the first time.

  5. 2. Grieve Once To Enjoy Lower Taxes Indefinitely. Another misconception many people have is that once you file a Nassau County property tax grievance, you enjoy lower taxes indefinitely. However, the constant changes in property values and fluctuations in Nassau County’s real estate market necessitate an annual evaluation. As a homeowner, you have the right to challenge your property taxes every year! And even though success is not guaranteed, the option to file for a grievance is always open, allowing you to pursue potential tax reductions depending on the current market conditions.

  6. 3. What Your County Thinks Your Home’s Fair Market Value Is Is Fair! The department of assessment’s system ideally uses comparable sales and other types of known data to estimate what your real estate is worth to potential buyers. However, it would be best if you remembered that the real estate market in Nassau County is known to be dynamic. It means the county’s assessment of your home could be off base.

  7. If you think your county’s estimate is high after reviewing the data about your property, you can always file for a tax grievance. Even if their estimate is close to what you think your home value should be, you could still get a reduction if the court or the Assessment Review Commission determines that the Department of Assessment has over-assessed your real estate. We hope today’s article has helped shed light on all the essential things you need to know to take the proper steps toward reducing your property tax assessment. If you would like more information about Nassau County’s grievance process or would like to get started, please feel free to speak with a professional tax grievance consultant today!

  8. To readmore visit at - https://medium.com/@hometaxsaver.com/top-three-myths-surrounding- nassau-county-property-tax-grievance-0ad324a84e71

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