Showing posts with label Frequently Asked Property Tax Questions. Show all posts
Showing posts with label Frequently Asked Property Tax Questions. Show all posts

Wednesday, September 23, 2015

Frequently Asked Questions Answered

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
516-484-0654 or 631-484-0654
www.PTRC.com

Do you have questions about the grievance problem? If so, you aren't the only one! We're here to answer some of the most frequently asked questions that homeowners in Nassau and Suffolk have about the grievance process.


What is property tax grievance? 
Property Tax Grievance is a formal complaint against the assessed value of your property. There are two levels: Administrative Review (BAR OR ARC) or Judicial Review (SCAR).

What is a property tax assessment?
Property assessment is one of the factors used by local government and schools districts to determine the amount of your property taxes. A property assessment is based on market value. Market value is how much a property would sell for under normal conditions.

When is filing time?
Nassau: January 1st-March 1st
Suffolk: May 1st-May 19th

Why do taxes go up every year?
Your property taxes (assessment) which appear on your tax bill, are multiplied by the tax rate to determine what you pay in taxes. Tax rates generally increase every year, so even if your assessment remains unchanged, your taxes increase.

What can I do about this?
As a homeowner, you are entitled to file a property tax grievance. This allows your assessment to be reviewed by the assessor to see if a reduction is warrented. If the assessor does not reduce your assessment, an appeal can be filed to have an impartial hearing officer determine if your house is overvalued for tax purposes.

What if my request is turned down?
Your property taxes will remain unchanged. There are no penalties, and you can file again next year if you choose.

If you're interested in reducing your property taxes, we encourage you to contact us today by calling 516-484-0654 or visit www.ptrc.com.

Thursday, August 13, 2015

Property Taxes: Frequently Asked Questions

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
516-484-0654 or 631-484-0654
www.PTRC.com

Are you a first time property tax griever?  Don't worry - we're here to help!  Here are a few of the most frequently asked questions we receive about filing for a property tax grievance in Nassau and Suffolk counties.

Frequently Asked Questions:

Why Should I Challenge My Property Taxes?
The municipalities put a market value on your property each year.  However, many people don't know what the true market value of their property is.  If you are overpaying, we can help you reduce your property taxes and save you money.

How Often Can I Challenge My Property Taxes?
Nassau and Suffolk homeowners are among the highest tax payers in the United States.  You have the legal right to fight back - but there is only a small window in which you can accomplish this.  You can fight your property taxes once a year during this period.

How Are My Taxes Determined?
Taxes are determined based on your market value.  Once your market value is determined, they multiply that times your RAR, or your residential assessment ratio.  This gives you an assessed value.  Then they take the assessed value times your tax rate to get your property taxes.  We know that it can be difficult to determine this number on your own.  At PTRC, we accurately determine your property taxes and help you pay the lowest possible property tax as required by law.

Interested in learning more about how we can help save you money?  Visit our website or give us a call at 516-484-0654 or 631-484-0654.

Are you following us on our social media pages?  Connect with us to learn more about how we can help you save money on your property taxes!

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Thursday, October 2, 2014

Property Tax Reduction FAQs

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
516-484-0654 or 631-484-0654
www.PTRC.com

Can I Apply For A Reduction On My Own?
Homeowners can apply for a property tax reduction on their own, but they usually don’t have  the technology or data to substantiate a property tax reduction.


Does My Market Value Change Each Year?
Yes, it has the potential to change every year. If your market value is not correct, you will be overpaying on your property taxes.


Why Do You Need My Email Address?
We keep you up-to-date with property tax information in your area. We can also let you know if you had a successful reduction, if you sent in your application, or any other news or info about property taxes.

To see more Frequently Asked Questions click on the videos below:





For more information about our services and to find out how we can save you money, visit our website www.ptrc.com.

Thursday, August 29, 2013

Frequently Asked Questions

Property Tax Reduction Consultants
125 Jericho Turnpike, Jericho, NY 11753
516-484-0654 or 631-484-0654

Property tax can be a very complicated and confusing topic.  Without the proper training or a capable representative, you can be giving away your hard earned money for no reason.  At Property Tax Reduction Consultants, we will work to make sure you are paying exactly what you owe and not a penny more.  One of our skilled analysts will not only work for you to ensure that you are paying correctly, but also work to explain and make sure you understand everything that is being done for you.  For now here are some frequently asked questions that may help you get a grasp of what goes in to property tax. 

What is Property Tax?
Property tax is a tax that is based on the value of real property.  Counties, cities, towns, villages, school districts and special districts each raise money through the real property tax.  The money funds schools , maintains roads, pays for police and fire protection, and other municipal services enjoyed by home owners.

What is Property Tax assessment?
An annual evaluation and determination by the Department of Assessment, which consists of a total assessed value, a taxable assessed value, and a tax class designation. 

What is Market Value?
Market value is the most probably price at which a property would sell if you offered for sale under ordinary circumstances.  For private homes, value is usually estimated by comparison with similar homes.

For more frequently asked questions and answers please visit our website: http://goo.gl/QEOfdM.
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