Monday, October 29, 2018

What Does Market Value Mean?


When a person or business is looking into selling, they need to know how much their home or building is worth. They will need to have a good idea of this in order to ask for an amount that is both reasonable and practical so that it will sell.

The Market Value

The market value is an estimate of how much the home or building will command on the market. This takes into consideration on types of information. A person or company will want a professional to get involved so that the property can be appraised. At Property Tax Reduction Consultants, we have the ability to help you find the market value of your home or building in Nassau or Suffolk County.

Market Value Will Fluctuate

The market value of a home or business will fluctuate. It will depend on how the market is doing in general, where the home or building is located and how the economy is doing. All these factors will combine in order to see how a home or business will sell when it is compared to other buildings of a similar nature.

Increasing The Market Value

There are many things that a person or company can do to increase the market value of their building. They can renovate it, fix anything that is broken and make it more appealing. All of these things can help to up the market value.

Property Tax Reduction Consultants

We are a company that takes pride in what we do to help our customers. Our staff is professionally trained, and they are exceptionally good at what they do. They are able to answer any questions that our clients will have because they are experienced at knowledgeable about their craft. If you or someone you know needs to find out the market value of your home or business, please contact us for more information.


At Property Tax Reduction Consultants, PTRC, we are here to assist you. Please take a look at our website, https://www.ptrc.com/, and make an appointment with PTRC as soon as possible.

Wednesday, October 24, 2018

What is a SCAR petition?


Owning Your First Home in Long Island and Property Tax Possibilities

Buying your first home is a joyous occasion. Images of barbeques and housewarming parties often flood your mind when you finally get to purchase your first home. There are a few things to look out for, though. New responsibilities arise when you become a homeowner. One of those responsibilities is your property tax assessment.

In short, the state assesses your property value and may make changes to your already established property tax. In some cases, this can be a dramatic increase that costs you financially. Luckily, PTRC or otherwise known as Property Tax Reduction Consultants is here to help when you feel that your tax assessment has given you an unreasonable or uncalled for a tax hike.

SCAR Petitions and How PTRC Can Help

One of the ways you can combat an unreasonable property tax hike is to file a SCAR Petition. A SCAR Petition is better known as a small claims assessment review. Basically, when you get the bad news that your property taxes are going up considerably, you have thirty days to file for an opportunity to have a special small claims court review your case again.

This is only for homeowners, though. To be eligible to file, you must own a one, two, or three family home that is three stories tall or less. This counts for condominiums, too. The state charges a thirty dollar fee to file and you must file within a specified time frame if you want to get your case reviewed.

As the name suggests, PTRC specializes in aiding clients with these types of cases. Our company services the counties of Nassau and Suffolk in New York. It's not a requirement to have an attorney present at an assessment review, but it is an extremely valuable resource and can mean the difference between your property taxes being reduced and your case being dismissed.

Wednesday, October 17, 2018

Fall Activities To Enjoy In Long Island



Summer is over and Fall is here. Time to look for activities you can do during the change of season in the Long Island area before we're involved in the holiday rush. Are you ready? There are lots of things to do. Fairs, festivals, outings and more await fun seekers.

We've already missed more than a few festivals such as the Annual Shinnecock Indian Powwow, The Brookhaven Country Fair and the Orchard Apple Festival. Don't despair. September was loaded with activities, but with Halloween on the horizon, October brings numerous events for you to enjoy. Attend with a friend or bring the kids. Many activities are family friendly.

Enjoy music, history and live craft demonstrations? You will want to visit the Fall Festival at Sagtikos Manor. This is a family friendly event with lots of activities for kids. Held October 7 you won't want to miss it.

Looking for something a little scarier? How about the Spooky Fest held seven different days during October. Here you can experience the haunted woods or the maze of zombies. On the non-scary side are craft activities, strolling through the woods, the Halloween theater, and 'amazing" animals.

OK. So you're interested more in harvest festivals. Try the Harvest Fair held October 13 or the Islip Country Fair on October 27. Like the water? Try the Fall Family Freshwater Fishing Festival coming October 20 or the Great Jack-o'-Lantern Spectacular Sail you can experience October 28. Other offerings include Oktoberfest and the Raggamuffin Parade. coming your way October 28.

Wait, we're leaving out an abundance of other activities Visit your local park. Get adventurous visiting a park you haven't been to before. How about a visit to the beach? It may be a little chilly. Since when isn't a nice walk on the beach unromantic?

Long Island is home to a number of hiking trails including Garvies Point Preserve leading to a quiet beach or visit the Oyster Bay National Wildlife Refuge. Also for consideration are apple picking, bowling events, pumpkin patches, and haunted houses. The choice for entertainment in the Fall in Long Beach is amazing.

A few other events to consider are family friendly museums or visiting an aquarium. Both offer fun learning opportunities for you and the kids. When was the last time you explored the heavens at a planetarium? Stop by the Firefighters Museum or explore Garden City with its many offerings including Museum Row. Opportunities are endless.

Tuesday, October 2, 2018

How often can I grieve my taxes?


About Us

P.T.R.C., Inc or Property Tax Reduction Consultants has been a forerunner in the Long Island Nassau and Suffolk county areas. We want to help you get through the process of grieving your property taxes. A tax grievance is an official complaint that is disputing a town's assessed value of a certain property. We make sure you only pay the smallest amount of property taxes that the law allows.

We have kept friendly with our customers through the years and have clearly shown ourselves to be trustworthy and fair. We would only charge you the least amount if we win your assessment case.

How To Grieve Your Property Taxes Legally

A homeowner is allowed to file a property tax grievance should they disagree with the taxes owed. An assessment is done and if the assessor doesn't reduce your property tax, you can file an appeal (SCAR) to resolve the grievance. We charge 5%0 of your property tax deduction and we only get paid after formal notice of the tax reduction. Should your tax grievance go from Administrative Review to the (SCAR) Judicial Review We will collect a $30 application fee for court filing? In Suffolk County, you must provide the most recent certified appraisal, in order to avoid the $75 CMA fee.

Property taxes can change from year to year according to your town's municipalities and school district needs. Some homeowners pay their own property taxes separately, while others have them in escrow and only receive the receipts. Any newly added exemptions and assessments changes can also affect your property taxes.

Property taxes can only be paid according to the calendar time allowed for that county. In Nassau County, filing time is January first through March first. For Suffolk County, the calendar time to file is May first on through till the third Tuesday in May.

How Often Can I Grieve My Property Taxes?

You can grieve your property taxes every year. For those who have already reduced their taxes in the past, grievance only applies to the current tax year and future years so you cannot grieve taxes you have already paid. Your taxes cannot be raised just because you filed a grievance. You only have a once a year chance to file a grievance.

Once the deadline for that year has passed you cannot file again till the next year. Filing a grievance every year is a good practice to make sure you will not miss the chance to lower your property taxes. Taxes can be grieved every year at the town level, but only every other year at the small claims court(SCAR).

Thursday, September 27, 2018

What is a Property Tax Grievance?



Long Island has some of the highest property taxes in the United States. Much of these property taxes are used to fund the local schools which can be a significant factor in determining the value of a home. This makes the higher property taxes that you pay someone of an investment in the desirability of your local community and a contributor to your home value. However, there are several different ways that you can reduce your property tax burden.

Make Sure You Apply for STAR 

The STAR credit is given to homeowners in Long Island and can lower your taxes. If you have never applied for the credit or have just bought your home, you will need to apply for the credit which is a quick and easy process. Spend some time reviewing your application for this credit and be sure to apply for STAR if you have not.

Manage Your Home and Property 

Certain home improvements can greatly increase the property taxes charged on your home. For example, a pool will greatly increase your property taxes as will any sort of home expansion. If you are looking to manage the property taxes that you pay, be sure to consider increases in your property taxes due to any major work that you have done on your home.

File a Property Tax Grievance 

While all homeowners will pay some portion of property taxes, the actual amount will range widely based on the size of your home. Sometimes, however, the amount charged is not equitably divided to the varying homes in any Long Island town and some homeowners spend more than is their fair share.

To address the risk for this, homeowner’s, or their representatives, can file a property tax grievance to lower their property tax share. A property tax grievance will commonly identify some adjust calculation of a home value and use a number of factors as evidence of this unjust allocation of the property tax burden including comparables to similar nearby homes, property assessments and valuations of a home by an appraiser, and a review of the home in the government database for inaccuracies.

A property tax grievance shouldn’t be filed by a homeowner without the help of a professional. Professionals like Property Tax Reduction Consultants (PTRC) have the available information to lobby for a tax reduction. They also have contacts to communicate the tax grievance and make sure the complaint is addressed quickly and hopefully in your favor. Contact PTRC on their website or at 516-484-0654 and lower your Long Island property tax bills.

Saturday, September 22, 2018

October Events in Long Island


Long Island is a beautiful place to be and for many, the fall months mean great opportunities for events that the whole family can enjoy. However, not everyone knows what there is to do or where they can find some of the most exciting events.

Because we know that families need to have some fun when not worrying about property taxes, we encourage you to learn about some of the events that are happening and how you can enjoy them. Here are some of the best things you can do in Long Island this October.

37th Annual Montauk Fall Family Festival


The 37th Annual Montauk Fall Family Festival will kick off on Saturday, October 6 from 11:00 a.m. to 5:00 a.m. at The Montauk Green with a wide array of things for you and your family to do. Enjoy live music, Long Island beers and wines, foods with an Oktoberfest theme, street painting, inflatable rides, and more.

There’s even a free 30-horse carousel and a Farmer’s market.

Haunted Hatchery


The Haunted Hatchery will take place on Saturday, October 27 from 2:00 p.m. to 5:00 p.m. at the Cold Spring Harbor Fish Hatchery & Aquarium. The not-so-scary event welcomes all families ($6 for adults and $4 for kids) to come out and trick-or-treat through the Hatchery and Aquarium.

Long Island Fall Festival


Between October 5 and October 8, the Long Island Fall Festival will take place at Heckscher Park. This event is a true celebration of community spirit and offers four entertainment stages, a fully equipped carnival, arts and craft vendors, food and drinks, and more. Admission to the public is entirely free.

Scarecrow Competition


Going on throughout the entire month at the Stony Brook Village Center, there will be more than 30 scarecrows on display with individuals voting for their favorite! It’s 30+ different organizations coming together to create a display for the public.

Be sure to take full advantage of everything that Long Island has to offer and enjoy some of the events that will be taking place the month of October.




Friday, September 14, 2018

Last Minute Summer Things to Do!


Summer is coming to a close, which is a sad thing to accept. No one wants the long sunny days to ever end. The warm temperatures are going to slowly turn into cool breezes. It’s going to get darker outside sooner and before we all know it, the big holidays will all be here.


It’s not too late to grasp at the last remaining days of summertime fun! Don’t wait, use this list and check each of them off before summer of 2018 is gone forever!


Find a Local Swimming Spot


It may not be blistering hot outside as much as it was a few weeks ago, but going for a swim is still possible! Find a local pool, river, creek, and go for a swim. Stretch out in the water and wade through an afternoon with friends and family.


Take a Small Road Trip


There are places within a day’s drive of Long Island that you can make if you want. Mystic Seaport is only a couple hours away. A museum filled with extraordinary pieces of nautical artifacts, along with fine art, film, and video. Philadelphia is about an hour and 45-minute drive also. Visit local shops and get yourself a Philly cheesesteak. Take to the road and explore nearby treasures before the snow hits!


Go to a State Park


State parks surround the state of New York. With your road trip, perhaps visit a state park. Find a place to bike, hike, picnic, grab a camera and take photos, go swimming in a natural spring, if you’re into it go caving, geocaching, rock climbing, or stargazing.


Hit The Beach


If you can, brave the waters. It isn’t as hot as it once was outside, but the ocean awaits! Don’t forget the sunscreen, maybe go out and sunbathe for the day.  


Camping


Camping can be done in all seasons, but nothing beats a summer night camping experience. Sitting in the moonlight by a firepit is one of the best experiences ever. Feeling connected with nature is one of the most calming experiences to have. Decrease your stress and go camping for a few days.


Visit School Locations


Have any highschoolers? It’s time to go scouting for school locations! Take a trip to potential schools and go on some tours. Take a look around the campus or get a tour.