Learn How to Grieve Taxes with These Simple Tips
In this article I will dive into the basics of how to grieve taxes. A tax grievance arises when a property owner believes they are paying too much in property taxes or that their home is worth less than the town has assessed.
After that, information is gathered to determine whether a tax grievance may be filed. The tax grievance service then assesses the property on its own.
If it is determined that the town has over-assessed the property or that the property’s taxes are too high, a tax grievance company can initiate the tax reduction process.
If the tax grievance company is unable to establish that the property was over-assessed, the property owner will receive a letter stating that the tax grievance case is not viable.
Additionally, the tax assessment for neighboring properties does not affect the taxes on a specific property.
There is a possibility that other homes in the neighborhood have been under-valued and thus cannot be used as a comparison point.
Reduced property taxes are available for both commercial and residential properties. A grievance may be filed if a tax has been imposed on a property within a town’s jurisdiction and someone is paying those taxes.
A tax grievance company works closely with residents to obtain the lowest possible tax reduction, regardless of whether the property is commercial or residential.
While filing a grievance once may result in a reduction in your property’s assessment, filing a grievance annually is far more beneficial. This is why:
1. Failure to file a grievance virtually ensures that your school and general property taxes will increase.
Nassau County residents already bear a colossal load of property taxes. Indeed, Nassau County — with a median property tax of $10,363 — is one of the most expensive counties in the United States, if not the most expensive.
Worse, these taxes continue to climb year after year. (If in doubt, use Zillow’s “Tax History” data.)
School taxes account for around 65 percent of this burden, and school budgets continue to expand each year.
While efforts to improve Nassau County’s education system have been discussed for years, any promised remedy is likely years away.
The strongest defense against the surging flood of ever-increasing property taxes is for Nassau County homeowners to mourn their assessments.
2. It Is Not Uncommon to See Consecutive Reductions
When you file a grievance against your property tax assessment, you may or may not receive a decrease, but your assessment will never be increased as a result of the grievance – this is the law in New York State.
However, whatever of your tax year’s outcomes, there is no downside to mourning them for the subsequent tax year.
For many years, we’ve assisted Nassau County homeowners in lowering their tax costs and can attest those successive decreases are typical.
Simply because a challenge fails in one fiscal year does not suggest it will fail in the next. Thus, we hope you agree that grieving your property tax assessment each year is a prudent step.
3. Complaining about your taxes just takes a few minutes of your time.
If you’ve never grieved your Nassau County property taxes, you’ll be pleasantly delighted to learn that the procedure is simple and straightforward when assisted by a skilled tax reduction organization like Maidenbaum.
Simply enter your property details into a form on our website and we’ll take care of the rest. There are no expenses associated with this procedure until we are successful in obtaining a reduction for you, and we will keep you informed while your tax grievance proceeds through Nassau County’s system.
4. Complaining about your property taxes is prudent on all fronts.
Whether you want to remain in your Nassau County home indefinitely or plan to sell it, grieving your taxes — each and every year — is one of the wisest moves you can make.
For those who wish to remain in their homes, lowering their tax burden makes them more affordable; for those who wish to sell, lowering their assessment makes their home more appealing to prospective purchasers.