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.

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