Showing posts with label Property Taxes. Show all posts
Showing posts with label Property Taxes. Show all posts

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 50% 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).

Tuesday, November 7, 2017

2018 Nassau County Property Reassessment Delayed

Unfortunately, Nassau County properties will not be reassessed early in 2018 as it was originally planned. This delay is great for those who have been filing for reductions and it is the complete opposite for those who have not. They will still be paying for the reductions of others until the reassessment happens:

property taxes | Nassau County Legislation

Make Sure You Get Out and Vote 
In Nassau County and all of America, the only way to get your voice heard is to go out and vote. Regardless of which candidate you support, they are going to support your interests so you need to make your interests known. The property tax issue in Nassau County is a big one, and whichever candidates are elected will have to right the ship! Properties all over the county are being wrongly assessed and it is going to impact the innocent homeowners.

Property Values Are Inaccurate 
Claudia Decker, a Long Beach resident for over 20 years, was told on October 19th that she would have just four weeks to make a $5,000 payment on her property taxes. A rise in school district taxes is largely responsible, but the faulty assessment on her property is more to blame:

  • Nassau County put a value of $602,900 on Decker's home. 
  • If she had filed under Mangano's program in 2016, her property would have been valued at $390,000. 
  • The homeowners who DID file for grievance in 2016 were granted reductions and Decker was left paying for their reductions. 
  • Her taxes will go up again next year. 

When Will It Happen? 
The old system left homeowners like Decker paying for the reductions of their neighbors. After investigation, Newsday found that hundreds of properties throughout the county were being wrongfully assessed during Mangano's term. Filing for grievance is important and once this issue is sorted out, P.T.R.C. Inc. will be here to get you the reductions you deserve!

You can go ahead and read more about this delay here!

If you have questions about your property tax reductions, please feel free to reach out to the experts at P.T.R.C. Inc. We have a friendly customer service staff that would love to answer any and all of your concerns.

Call 516/631-484-0654 or email info @ptrc.com! 

Tuesday, October 31, 2017

Will Home Renovations Raise My Property Taxes?

Your Long Island home might not be large in acreage, but it means everything to you and your family. You want that living space to be utilized to the best of your ability and sometimes that means renovations. Sometimes people fear these upgrades because they think there will be a bump in their property taxes down the road. Is this true? Keep reading to find out:

bathroom renovations | property value


Increasing Living Space
The general rule of thumb is when you add living space to a home, you increase the value. Examples of this include:

  • Adding a Bathroom 
  • Extensions 
  • Dormers 
  • Adding Bedrooms 
  • Turning Garage Into Living Space 
  • Turning Basement Into Living Space 
  • Adding a Deck 
  • Increasing the Square Footage of Your Home

Just A Face Lift 
If you are simply renovating a kitchen or bathroom and NOT adding any living space, your home might not need to be reassessed. That is why these types of remodeling projects are so popular! They add value to your home and make it more aesthetically pleasing without raising your taxes. Things can get sticky though when it comes to increasing counter space and making rooms more accessible. These can be considered additions and not alterations and a new property value assessment may be needed.

It Is Okay to Ask
If you are not sure whether a project will increase your property taxes or not, just ask! The contractor may be able to give you this information or the town would be able to help if they can't. If you are adding or altering a portion of your home to compensate for a handicap dependent, your taxes can not legally be raised. Don't let anyone tell you otherwise!

Sometimes the review boards and property assessors get the value wrong and that is where we come in. We use a Comparative Market Analysis to get the real value of your home and if it is too high, we will earn you the necessary reductions. P.T.R.C. Inc. has been doing this for nearly 30 years and we have been extremely successful.

Fill out an application on our website to grieve your property taxes or email info@ptrc.com with any questions!

Tuesday, September 26, 2017

A Breakdown of the Tax Grievance Process

It's property tax time here on Long Island and we are already seeing a heavy influx of applications for this time of year. The word is out on P.T.R.C. Inc. and everyone wants their piece of the pie. Be sure to use the following steps when submitting your application:

property tax reductions | long island homeowners

Do Your Research 
When you are painting your house, the first concern that comes to mind is finding someone who is qualified for the job. The second concern is probably the fees that are included. When it comes to tax reductions, we assume you probably have a fairly similar evaluation process. As for our qualifications, P.T.R.C. Inc. has been reducing Long Island property taxes since 1990 and we have secured over 260,000 successful assessments! As for the price, we charge NO FEE if you aren't granted a reduction.

Submit Your Application 

  • Once you are done, you will receive a confirmation email from our team to let you know we have received your application. 
  • Your application will start in the review boards and if we can't get a reduction there, we will go to the Small Claims Assessment Review for appeals. 
  • We will stop at nothing to get you the highest possible reductions! 

Plan What to Do With Your Reductions
We have been successful in securing millions of dollars for our clients over the years and this season is going to be no different. Whether it is a few hundred or a few thousand dollars, there is plenty to do with the money. You can save and invest. You can splurge on some great additions to your home. Or you could go on a nice vacation. Whatever you choose, just remember who got you those reductions when it comes time to file next season!

If you want to learn more about P.T.R.C. Inc. and what we do for our clients, visit the about section on our website. We also have an area where you can see testimonials from clients that we have helped in the past!

With questions, call 516/631-484-0654 or email info@ptrc.com!

Wednesday, September 6, 2017

The 2019 Filing Period Has Begun

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654


property tax reductions| file for grievance

School is back underway, September weather has started to roll in, and you know what that means! It's time to file for tax grievance on Long Island and there is only one place to get your maximum reductions-- PTRC! Our team is eager to get started, but first, we will need you to take the necessary steps to submit your application»

Submit Your Application 
  • Go to our website and submit your application. 
  • Once you are done, you will receive a confirmation email from our team to let you know we have received your application. 
  • Your application will start in the review boards and if we can't get a reduction there, we will go to the Small Claims Assessment Review for appeals. 
  • We will stop at nothing to get you the highest possible reductions! 
Get the PTRC Difference 
We have been in business since 1990 and we have successfully reduced over 260,000 assessments during that time. When the review boards see our name, they know reductions are coming! We have helped families just like yours lower their property taxes to the LOWEST number allowed by law. We only get paid if you do, so our motivation is true! 

Earn Your Reductions
When it is time to get compensated for your reductions, it will come in one of two ways:
  • The reduction can be reflected on your tax bills in which case you would pay your taxes based on the lowered assessed value and thus no refund will be due you.
  • Another method would be that a refund check can be issued for any overpayment of taxes as a result of the reduction.
  •  An additional method can be that a partial adjustment in your assessed value and a partial refund can be issued. A number of factors can influence the method in which the different municipalities reflect/adjust your property tax bill each municipality and reduction can be unique.
Here at P.T.R.C. Inc., we are here to serve you in the best possible fashion. There is NO FEE to file a grievance, and we only get paid if you do. We like to make money too, so let's lower your property taxes together! 

If you have any questions, call 516/631-484-0654 or email info@ptrc.com!

Wednesday, August 30, 2017

How to File for Grievance in Nassau County

The calendar will soon flip to September and that means P.T.R.C. Inc. will begin the tax grievance process for yet another season. We have had a very successful past 27 years and over that time, we have reduced over 260,000 assessments for people just like you! It's your turn to file first Nassau County, and here is how you do it:

property tax reductions | tax grievance process

Step 1: Submit Your Application 
  • You should receive a confirmation e-mail once you are submitted. 
Step 2: Assessment Review Commission 
  • Our team will represent you in front of the Nassau County review board where we have seen a lot of success. 
  • Our relationships in the industry are a great benefit to you at this stage! 
Step 3: Small Claims Assessment Review 
  • This is basically the appeals process for claims that are denied at the previous stage. 
  • We win a lot of our cases here! 
  • A $30 Court Filing Fee is required to purchase an Index Number
Step 4: Comparable Market Analysis
  • To win the case here, we will need to provide a comparable analysis that can be used in the appeal process. 
Step 5: Receive Your Reduction 
  • The reduction can be reflected on your tax bills based on the new assessed value. 
  • You can receive a refund check issued for the over payment of taxes. 
  • You can receive a combination of both. 
If you have any questions about the tax grievance process, please call P.T.R.C. Inc. at 516-484-0654 or email info@ptrc.com!

Wednesday, August 16, 2017

Tips to Keep Your Backyard BBQ Pest-Free

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654


Bugs are an unfortunate part of Summer, especially at this time of year when they have all reproduced and matured. They are likely already in your yard, so there is no reason to entice them even more. Try implementing these tips to help lock down your personal space:

Bug Repellent Sunscreen 
While sunscreen is important and necessary, it is also not the best in terms of pest control. You can add sunscreen and mosquito repellent, but then you are adding so many chemicals to your skin that are going to dry it out. Next time you are looking to SPF, try adding a little lemon eucalyptus oil and mix it in your hands. It actually hydrates your skin and keeps the bugs away!

Use Plate Covers 
Mosquitoes and bugs love a good salty/sweet meal to end their day. Their sense of smell is keen and mosquitoes from miles away can smell a meal like burgers and hot dogs and all congregate to get their share. You have to deny them! Check out these cool plate covers and see how they work for you!

Cover Your Trash Bins

  • Your trash bins can not only be confined by their lids. 
  • A full grown raccoon can knock over a trash bin with ease and then it will be open season on your leftovers. 
  • Take a bungee cord and stretch it across the top of your lid feeding it through the hole. If the hole in the lid is not big enough, just cut it open more with a pocket knife. 
  • Wrap the ends around the handles enough times so that it is completely taut. 
  • Knock your trash bin over while it is empty to make sure your rope is tight enough. 

Clean Up Immediately 
The time to clean up is IMMEDIATELY after you are done eating! Bring an empty trash bin out to your outdoor table and throw everything away once you have finished your plate. The longer it sits, the more time the mosquitoes have to swarm. After you clean the table, wipe it down with WINDEX to eliminate spills and stains that could cause problems later on.

Bugs are annoying, but so are property taxes! Reduce your bug problems and property taxes with some help from the professionals at P.T.R.C. Inc. We'll give you a fly swatter with your reduction check!


Tuesday, May 23, 2017

4 Public Beaches to Check Out in Suffolk County

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654

Long Island Activities | Suffolk County Beaches

Keep calm Long Island, Memorial Day Weekend is only a few short days away. A lot of people are going to flock to the east end this weekend, so we wanted to give you some more secluded spots to check out. Enjoy your fun in the sun-- and some clouds :(!

East Hampton Main Beach 
Ocean Ave 
East Hampton, NY 11937
  • You need a permit to access this beach, but they are cheap to acquire and it is a relatively simple process. 
  • Because of the distance to the city and relatively hidden location of this beach, it is rather secluded for a Long Island beach. You'll still won't to show up early though! 
  • Parking is right up against the beach so there will be no long hauls for you and your family. 
  • Have a great Memorial Day in East Hampton! 
Cooper's Beach 
268 Meadow Ln 
Southampton, NY 11968
  • Parking costs at Cooper's are not going to be cheap, but it is a great place to spend an entire weekend this Summer. 
  • If you're a surfer and adventurous type, the waves at Cooper's are sure to impress you. 
  • Chair rentals, umbrella rentals and fresh showers are available and a club house that provides one of the best lunches you will ever have. 
Cupsogue Beach Hut 
906 Dune Rd 
Westhampton Beach, NY 11978
  • If you are a wildlife lover, sometimes the harbor seals will come here to feed and it is amazing to watch! 
  • Relatively cheap parking and good rental prices make the Beach Hut the perfect spot for all of you east enders. 
  • Food, drinks, live music and a great time are available every Summer weekend and it is a great place to go for a night out! 
Robert Moses State Park
600 Robert Moses State Pkwy
Babylon, NY 11702
  • The $10 Entrance Fee is nothing compared to the fun you are going to have at Robert Moses. 
  • It's almost smack dab in the middle of the island, which makes it more accessible for our Nassau County friends. 
  • It isn't as crowded as Jones Beach and it provides a lot of the same amenities.
  • Robert Moses officially opens on Memorial Day Weekend! 
Enjoy your holiday weekend and the beginning of your Summer! While you are enjoying some fun and the sun, remember how luck you are to live on a place like Long Island. But also remember, this lifestyle comes with a price and sometimes that price is TOO high! 

For property tax reductions on Long Island, call P.T.R.C. Inc. at 516/631-484-0654 or email info@ptrc.com!

Monday, February 13, 2017

THREE Reasons to Love P.T.R.C. Inc. This Valentine's Day

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654

Valentine's Day| Tax reductions| Filing a Tax Grievance

Are you going through another lonely Valentine's Day or are you and your spouse just laying low this year? If so, you could always ask the P.T.R.C. Inc. team out for a night on the town. Our dates are a little unique, so if you are interested, keep reading to learn more about us! 

Saving, Not Spending 
Most Valentine's Day dates cost you a fortune, but we're cheap and we will even SAVE you cash. If you fill out a tax grievance application on our website, odds are you'll be saving and we don't plan any games. For over 27 years we have been going on dates with Long Island homeowners and thousands of them have come away with BIG savings. We are a very popular date in Nassau and Suffolk County so fill out your application now before it's too late!
No Commitment 
Unlike most people, a date with the tax professionals at P.T.R.C. Inc. comes with no strings attached. We don't charge any fees up front and you only have to pay when you get PAID. We take a small percentage of your tax reduction for our team and you reap the large part of the rewards. We handle all the paperwork and our relationships in the industry have helped secure millions of dollars in reductions for our clients. But like we said earlier, our dates don't last forever and we are only available until March 10th for Nassau County homeowners. 
Reliability 
We will have your back throughout the entire tax reduction process. From the review boards to the small claims reviews, our team of experts will use all of the tools at our disposal to get you the lowest numbers the law will allow. You can trust P.T.R.C. Inc!

If you're still interested in going out on a date, we would love to, you don't even have to ask. All you have to do is go to our website and fill out a grievance application. We will send you an email to confirm your application and then we can set something up! 

If you're old school and would prefer a phone call, call us at 516/631-484-0654. 

Thursday, February 9, 2017

What Factors Affect My Property Taxes?

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654

property taxes- tax grievance

We can tell you whatever you want to know about property taxes and that knowledge comes from years of experience in the industry. Twenty-seven to be exact, and we have evolved and transformed with the market throughout the years. No matter what the current state of the economy is, P.T.R.C. Inc. has always been successful in earning reductions for our clients. So as we get into the heart of tax season, we thought it would be cool to tell you a little more about your property taxes! 


Value of Property
This is perhaps the factor that impacts your property taxes the most. The local taxing authority, in this case Nassau and Suffolk County, will come to your home and perform an appraisal on your property. They determine the value by looking at the size of your property in proportion to the rest of your community. Then they look at your home and the improvements or work that it might need. Is there a new bathroom or kitchen? Did the owner recently add an extension to the home? All of these things will come into play when assessing property value.
Tax Rate 
The property tax rate may be expressed as a percentage or as a millage rate. One 'mill' has a value of $1 for every $1000 your property is worth, Taxing authorities determine tax rate by multiplying the assessed value of the property by the mill rate and then dividing by 1000. The purpose of the millage rate is to evenly divide school and government funding amongst homeowners. 
Assessed Value
Local taxing authorities might undersell the value of your home in a weak economy to help stimulate spending, but this is not always the case. The value of your home might be higher or lower during a government appraisal compared to a private appraisal, so this value doesn't necessarily reflect your properties exact value. As we said earlier, a number of different factors can impact your appraisal value. Locations that run along busy roads are often given tax breaks because they are less desirable on the market. 

Long Island property taxes are particularly high because of the value of the suburban properties. Located near beaches, cities and farms, both Nassau ans Suffolk County provide some of the most expensive property in all of the United States. If you want to keep those expensive property taxes in check, just reach out to P.T.R.C. Inc. and we can help. 

To file a tax grievance, call 516/631-484-0654 or click here! 

Wednesday, December 21, 2016

3 Good Reasons to File a Tax Grievance With P.T.R.C. Inc.

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654

property taxes- tax reduction- filing a grievance

When it comes to Long Island property taxes, you can't afford to put your fate in the hands of an amateur. We pay some of the highest property taxes in the entire country, making it even more important to find a tax reduction service you can trust. For over 27 years, P.T.R.C. Inc. has been that company and we want to continue our success with you in the upcoming tax season. Here are THREE good, no GREAT reasons to file your grievance with P.T.R.C. Inc. this year.  

Pay for Success 
At P.T.R.C. Inc., we have a reason to give each individual case our undivided attention. We only get paid if your reduction is successful, so we will work with you every step of the way to ensure the best possible result. The other thing to keep in mind is that there is absolutely NO penalty for a failed reduction. You won't have to pay our team and the county will not raise your taxes because of your challenge. So.. what do you have to lose?
Sit Back and Relax 
Once you submit your application, we'll handle the process and you can relax knowing you are in good hands. If you live in Nassau County, we'll submit your application to the Assessment Review Commission (ARC) or for Suffolk residents, the Board of Assessment Review (BAR). We will then follow the application all the way through the appeals process with the Small Claims Assessment Review (SCAR) and we're confident that we will earn you a deduction. Just sit back, relax and let us handle it! 
Trust Our Experience
For over 27 years, P.T.R.C. Inc. has successfully handled over 230,000 assessment challenges. We have secured millions of dollars in reductions and we aren't stopping anytime soon. If you are still skeptical, we want you to answer this question-- who do you trust the with the big game on the line? A proven veteran, or an amateur who has never been there before? If you would choose the veteran, you need to file with P.T.R.C. Inc. today! 

If you're ready to get started, visit our website to access the Nassau and Suffolk County applications. Should you have any questions, feel free to contact us by calling 516/631-484-0654 or send an email to info@ptrc.com. 



Friday, November 11, 2016

Reasons Why Your Property Taxes Keep Rising

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654

As a homeowner you'll have both fixed and variable expenses - fixed meaning they'll stay the same month after month/year after year, and variable meaning they can change. And while you may assume that your larger expenses, such as your mortgage and your taxes, will stay the same throughout your time in your house, your property taxes (unfortunately) are something that can continue to change.


Property Taxes | P.T.R.C. Inc. | Property Tax Reduction Consultants

Now we know what you're thinking - why is it that property taxes can keep rising every year? Truth is, there are a lot of factors that go into determining how much you pay in property taxes, and if those factors change, your property taxes will naturally change too. Let's take a look at some of the most common reasons:
  1. You've made home improvements. Many people complete home improvement projects to increase the value of their home, but this in turn causes property taxes to rise too. That's because making changes will directly effect the outcome of your next property assessment, and property assessments are a part of the property tax equation!
  2. Your government depends on it. Property taxes are a huge source of government funding, so if your county or city finds itself in need, raising your property taxes is often the solution. 
  3. Your schools depend on it. Just like your local government depends on your property taxes, so does your school districts and community colleges. When schools require more funding for their operational needs, it's not uncommon for your property taxes to change.
  4. Property values are rising. If in general, your neighborhood or community is starting to see a rise in property values, it's completely normal for your property taxes to change (though we know you may not always welcome the increase). And what causes property values to rise in neighborhoods and communities? A big factor is if there are neighborhood improvements or new homes being built.
With all that said, the next time you receive a property tax bill and notice that it's higher than the last one, don't be surprised - property taxes can continue to change year after year. But, the good news is that if your property taxes do keep rising, you may be able to do something about it by filing for a tax grievance, and we can help!

To learn more about tax grievances and what the P.T.R.C. Inc. team can do for you, please click here or call (516)/(631) 484-0654. Emails can also be sent to info@ptrc.com.

Tuesday, October 25, 2016

Understanding Property Taxes as a First Time Homebuyer



There's certainly a lot to learn when you embark on the journey of buying your first home, but one thing in particular that we think you should spend time on is property taxes. Though buyers often ask for a rough estimate of what the taxes tend to be on the house each year, to understand property taxes you have to know more than just a number.


Property Taxes | Property Tax Information | P.T.R.C. Inc.

With that said, today we'd like to share our knowledge about property taxes with all first time homebuyers - here's what we think you should know:

1. How are property taxes calculated?
Property taxes are calculated using a simple formula: multiply your property's assessment by the tax rates for municipalities, counties, school districts and special districts. 

2. How is a home's assessed value determined?
A home's assessed value is determined by looking at a number of factors, such as neighborhood comps, the home's features, the economy, and nearby infrastructure. Remember that your home's assessed value is important to know as it plays a big role in your property taxes each year.

3. Why do property taxes rise?
Property taxes can rise for several reasons, some of which include an increase in property value in your neighborhood as well as home improvements that you make. Property taxes may also rise if it becomes an economic necessity in your neighborhood, such as if the school district needs additional funding.

4. What can you do about rising property taxes?
Now onto the good news - as a homeowner, you are entitled to file a property tax grievance, which allows your assessment to be reviewed by an assessor to see if you are eligible for a reduction. If they do not offer a reduction, you can file an appeal to have an impartial hearing officer determine if your house has been overvalued for tax purposes.

Have additional questions about property taxes and tax grievances? The team here at P.T.R.C. Inc. would be more than happy to help and provide answers!

To speak with one of our experts, please call (516)/(631) 484-0654 or send an email to info@ptrc.com. You can also find answers to some common FAQs on our website!

Wednesday, October 5, 2016

P.T.R.C. Inc.'s Sean Acosta Tells All in Long Island Business News

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654


P.T.R.C. Inc. | Property Tax Reduction Consultants | Long Island Property Taxes
Since 1990, the P.T.R.C. Inc. team has been helping Long Island homeowners with their property taxes in an effort to make sure that they are paying the lowest amount of property tax as required by law. Led by president and founder, Sean Acosta, we've successfully handled 230,000 assessment challenges and have secured millions of dollars in savings for homeowners.

Recently, Sean sat down with Long Island Business News to answer questions about tax grievances, the process and more - let's dive into what he had to say.

First and foremost, Sean went over how counties figure out what to charge homeowners in property taxes and why your taxes can go up each year. The answer? Counties use property assessments (which are based on market value) and tax rates to determine property taxes. The reason property taxes can go up every year is because market values can change and budgets of local governments and school districts go up, which also means tax rates do too.

Next, Sean covered an important question that we bet many of you might have - why do some homeowners that live on the same street and in the same neighborhood pay different property taxes? The answer to this is simple - some homeowners have fought their property taxes while others have not. If you've already challenged your taxes, it is certainly possible that you can get another reduction, so whether you have or have not filed for a tax grievance in the past, it's worth looking into it this year.

In his interview Sean also addressed the question of how you can see if you have the right assessment and if you're paying the right amount of property taxes. Ultimately, each town has its own website with property tax and assessment information, or you can take a look at your tax bill. Once you have that information, you'll need to compare your home's market value to others in your neighborhood and see how things match up. Note: don't look at what others in your neighborhood pay in property taxes - comparable home sales is what you should be most concerned with!

And what about those homeowners who live in an incorporated village? Sean explains that you can fight those taxes too, but most villages issue a separate tax bill with assessments and market values that differ from the counties. Additionally, incorporated villages tend to have different filing deadlines.

If you're thinking about filing a tax grievance this year, don't push it off for any longer - send P.T.R.C. Inc. your application today! In Nassau County the process can last between 18 - 24 months, and in Suffolk County it can take from 12 - 18 months, so  you'll want to get started as soon as possible. Additionally, you don't want to risk missing the deadline, which is March 1, 2017 for Nassau County and May 16, 2017 for Suffolk County.

For more information, please visit www.ptrc.com or call (516)/(631) 484-0654 today.

Monday, August 22, 2016

3 Simple Ways to Pay Off Your Mortgage Faster

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654

There's always something to paid off - credit cards, student loans, car payments - but one of the biggest financial responsibilities we'll ever take on is a mortgage. And though we are given a certain timeframe to pay back this particular loan, whether it be 10 years, 15 years, or 30 years, we at P.T.R.C. Inc. know that many homeowners have a goal to relieve themselves of this responsibility faster than that.

P.T.R.C. Inc. | Property Taxes | Mortgage Tips

If you're hoping to eliminate your monthly mortgage payment quickly, here are a few strategies you can try:

Send more than what is due each month.
Should you have a little extra room in your budget, consider making a payment that is larger than what is due. The benefit here is that any extra you send typically goes to the principal balance, rather than just the interest, AND you'll probably wind up saving yourself up to what could be thousands of dollars in future accrued interest too.

Make extra payments whenever possible.
Expecting a large tax refund next year? Know that you'll be getting a large holiday bonus? Any time that you receive additional income, be smart about how you use it - one of the smartest things you can do is make additional mortgage payments. Even if you only do so once or twice a year, sending an extra payment now reduces the number of payments you'll need to make in the future.

Refinance with a loan that is shorter-term.
A 30 year mortgage may have made the most sense for you financially when you first purchased your home, but now that you are more established in your career and potentially making more money, you may find that you can afford to make higher payments each month. In this case, seek a new loan option that will have your mortgage paid off in less time (say 15 years for example) - you may even be able to find a new loan that has a lower interest rate too.

Since your mortgage is likely to be the biggest expense you have as a homeowner, the sooner you can eliminate that payment, the better! 

In addition to the mortgage, though, we also know that property taxes can be quite the expense, and the good news here is that although you won't be able to eliminate your property taxes forever by making extra payments or refinancing anything, you may be able to at least lower your payment through a tax grievance!

Here at P.T.R.C. Inc., we have been working to help Long Island homeowners lower their property taxes since 1990, and you could be next! To learn more about the process, please visit www.ptrc.com or call (516) or (631) 484-0654 today.

Thursday, August 18, 2016

What Causes Property Taxes to Rise?

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654

P.T.R.C. Inc. | Property Taxes | Long Island Property Taxes

Long Island homeowners - have you ever seen an increase in your property tax bill and not wonder why there was a change? We didn't think so - we'd be curious too! Although there are plenty of homeowner expenses that are fixed, meaning that they won't change, property taxes aren't one of them. That said, you'll at least want to know what could cause a potential increase! Here are a few answers for you:

Completely remodeling or other home improvements.
Remodeling entire rooms in your home or even making minor updates will most likely result in your home's assessment going up, and since your home's assessment is part of the property tax equation, it could result in higher taxes too.

An increase in property value throughout the neighborhood.
If the property values in your neighborhood are going up, chances are yours will too. Again, since this is considered in the property tax equation, you may experience higher property taxes the next time yours are due as a result.

It becomes an economic necessity.
Property taxes are a major source of funding for local governments, so if your county or city is having budget troubles, raising property taxes could be their solution to make up the money that they need.

School districts also rely heavily on property taxes for funding, and if expenses become too much that they require additional help from the local government, again, raising property taxes for homeowners may be their solution.

Although it can be unavoidable at times, there is something you can do if you feel that your property taxes are too high - file a tax grievance! Here at P.T.R.C. Inc., we work with homeowners in both Nassau and Suffolk County to try and find savings on their property taxes - you could be next!

When the application period opens (check our website for updates on this), all you have to do is submit a signed application to us, and then we'll take care of the rest.

For more information about how we can help, please give us a call at (516) or (631) 484-0654 or email info@ptrc.com.

Monday, August 8, 2016

4 Myths About Property Taxes

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654

Whether you recently became a homeowner for the first time or are moving onto owning your second home, there's one thing that should never be overlooked - property taxes. What have you been told about property taxes before? Between word of mouth and the massive amounts of information out there in the world today, there could be a chance that some of what you've heard isn't necessarily 100% true. That said, today, we're here to clear up some of the most common myths we've found to ensure that the information you have is right - take a look below.

Myth #1: Assessments are the only reason property taxes can be high.

Yes, your home's assessment does contribute to your property tax bill, but it's not the only factor that goes into it - property taxes are determined by multiplying the property's assessment by the tax rates for school districts, counties, special districts and municipalities, so you need to consider what your current tax rates are too. More information on this is available here.

Myth #2: An assessor determines property taxes.

An assessor's job is to figure out what your property's market value is, not what property taxes will be. While the assessment is a part of the property tax equation, the assessor's primary responsibility is to figure that number out - property tax rates are determined elsewhere.

Myth #3: Tax rates can help you figure out if you should expect an increase or decrease in property taxes.

Since tax rates are just one factor that goes into determining property taxes, you can't assume that your property taxes will go up or down just because the tax rate does. For example, even if the tax rate decreases, you could still see an increase in your property taxes if your home's assessment has gone up.

Myth #4: There is nothing you can do about your property taxes.

If you feel that you're paying too much in property taxes, you may file a tax grievance in an attempt to find some savings. Tax grievances are formal complaints against the assessed value of your property, and filing for one allows your assessment to be reviewed by the assessor to determine if there is any room for a reduction.

Live on Long Island? If so and you think that you're paying more than necessary in property taxes, the P.T.R.C. Inc. team can help! Each year during the application period, we accept applications from both Nassau and Suffolk County homeowners and then take care of the grievance process on their behalf - we only charge for successful cases too!

To learn more about what we do and how we can help, please give us a call at (516) or (631) 484-0654 or send us an email at info@ptrc.com.

Friday, August 5, 2016

Tips for Cutting Monthly Homeowner Expenses


Property Taxes | Homeowner Tips | P.T.R.C. Inc.
Even if you're feeing comfortable with your current budget, it never hurts to try and cut costs where you can -- after all, any extra money in your pocket at the end of the month is always a plus!

Specifically focusing on the costs that are associated with being a homeowner, there are a number of ways that you can save, and for the most part, they only require a few simple changes.

Here's what you can try:
  1. Research service packages. Do you have internet, phone and cable service through different providers? You may be able to lower your monthly bill by bundling your services together! Try researching a few different companies to see what packages and deals they are currently offering, as some may offer the same services at a lower price.
  2. Be energy efficient. Did you know that when you leave appliances and electronics plugged in even if they aren't turned on, you're still drawing power? It's called phantom energy loss! Consider using surge protectors in easy to reach places the help you cut power to several electronics at once.
  3. Always grocery shop with a list. When you go food shopping without a list of items you absolutely need it can be more tempting to throw just about anything into your cart. However, all of those items that look good at the time could add a significant amount to your bill! To prevent this, go through your fridge and cabinets before you leave and write down what you must buy - then stick to that list.
  4. Monitor your water use. Are you guilty of doing laundry or washing dishes when you don't have a full load of dirty clothes/dishes? If so, adjust your habits and make sure that you only turn these appliances on when it's time to. Similarly, make an effort to limit your time in the shower and turn off the water when doing things such as brushing your teeth.
And of course, another tip for cutting your homeowner expenses is to file a tax grievance!

If you are one of the many Long Islanders paying too much in property tax, we can help! When the application period is open for Nassau and Suffolk County (check our website for updates), you can submit an application to us and we'll take care of the grievance process on your behalf to try and find you some savings.

For more information about the tax grievance process, click here or give us a call at (516) or (631) 484-0654.

Wednesday, July 20, 2016

Frequently Asked Questions About Property Taxes

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654

Especially for those who are buying a home for the first time, we know that there is a lot to learn about what it means to be a homeowner - specifically, what expenses are involved? While some answers are easy to figure out (for instance, there's your water bill, and that can be self explanatory), others are bit more involved - here, we're talking about property taxes.

To help you out a bit, today we're answering some of the most frequently asked questions we get about property taxes; take a look below.

Property Tax FAQs

Property Tax FAQs | Property Tax Reduction Long Island | P.T.R.C. Inc.

Q: What determines the amount of a property tax bill?
A: Your property taxes are determined by multiplying your property's assessment (which is your assessment minus any exemptions) by the tax rates for school districts, municipalities, counties and special districts. More on how property taxes are calculated can be found in this blog.

Q: What is a property tax assessment?
A: Like we mentioned in question #1, your property's assessment is used in order to determine how much you pay in property taxes. To figure out your property's assessment, market value is taken into consideration.

Q: What is market value?
A: Market value refers to how much a property would sell for under normal circumstances. For the most part, it is usually determined by comparing the property to other similar homes/properties.

Q: Why do taxes go up every year?
A: Your taxes can change each year for a number of reasons, including changes in the school district or local government such as budget changes and revenue. Also, the tax rates typically increase each year, so even when your property's assessment doesn't change, you'll see an increase since tax rates are a factor in your bill. Of course, if your assessment does change, that could impact things too.

Q: What can I do if my property taxes keep rising?
A: As a homeowner, you are entitled to file what is known as a property tax grievance. What this means is that you can have your assessment reviewed by the assessor to determine if you are eligible for a reduction. If the assessor does not offer a reduction, you may file an appeal to have an impartial hearing officer take a look and determine whether or not your house is overvalued for tax purposes.

Q: Can you explain the property tax grievance process further?
A: Ultimately, property tax grievances are formal complaints against the value your property has been assessed at. The two levels of formal review include:
  • Administrative review (BAR or ARC): this is when the grievance process happens at the municipal level.
  • Judicial review (SCAR): this occurs after the administrative review - in fact, you must go through the administrative review first in order to pursue a judicial review. Currently, the state imposes a $30.00 filing fee for each case it sees.
Q: How long is the grievance process?
A: The grievance process does not happen overnight, so you will need to be prepared for it to take some time - it could take as long as 18 months from start to finish. 

Q: Does it matter if I live in an incorporated village?
A: Typically, yes - most villages have their own assessment rolls for village taxes, so they require a separate filing if you want to grieve their taxes.

Q: When can I file?
A: If you live in Nassau County, you can file between January 1st and March 1st. If you live in Suffolk County, you can file between May 1st and May 17th.

Q: Am I able to apply on my own?
A: Absolutely. However, since most homeowners are not familiar with the information and evidence that is needed to represent themselves properly during a property tax hearing, it's recommended that you turn to a professional such as P.T.R.C. Inc. for help.

Q: What if I am turned down?
A: If your request is turned down, nothing will happen and your property taxes will simply remain the same. You do not have to worry about any penalties, and in fact, you can try to file again the following year if you'd like.

If you're interested in filing a tax grievance for your Long Island home, our team would be more than happy to take care of things on your behalf! We have secured millions of dollars in reductions and refunds for homeowners in the past, and we only charge a fee for successful cases!

For more information about our services, please give us a call at (516) or (631) 484-0654, or email info@ptrc.com.

Friday, July 8, 2016

How Are Property Taxes Calculated?

Property Tax Reduction Consultants
125 Jericho Turnpike, Suite 500 
Jericho, NY 11753
(516) 484-0654 or (631) 484-0654

Being a homeowner comes with the responsibility of taking on a ton of different expenses - mortgages, mortgage insurance, electric bills, water bills, landscaping, you get the idea. But aside from these, there is one very important expense that may sometimes be forgotten, or at least overlooked when purchasing a home or when evaluating homeowner costs - property taxes.

Property Taxes Long Island | P.T.R.C. Inc.

We all have them, but all too often (especially here on Long Island), homeowners are paying more than they should be in property taxes. That's why it's so important to know how they're calculated - if you're paying more than you should be, you need to be aware of it!

Determining Property Taxes

To find out how much your property tax bill will be, all you have to do is multiply your property's assessment (which is your assessment minus exemptions) by the tax rates for municipalities, counties, school districts and special districts.

Now, for those who are thinking of purchasing a home, chances are you're looking at the listing to give you a good idea about what you'll be paying in property taxes. However, it's important to keep in mind that what you see on the home's listing is typically a summary of the current year's property tax bill - when homes are sold, assessed values tend to change, which, you guessed it, impacts your property taxes on that particular home. It's also important to remember that the current homeowner may have been eligible for exemptions that might not apply to you, and also, what the home was assessed at for the current homeowner might not be an accurate reflection of the market value to date.

As a team that has been working to help lower property taxes for Long Island homeowners since 1990, we at P.T.R.C. Inc. know that understanding property taxes can be confusing! No need to worry though, we're here to answer any questions you may have regarding your property taxes, and if you file a grievance application, we'll take all of the necessary steps on your behalf to try and find you some savings.

For more information about our company or the grievance process, please visit us on our website or call (516) or (631) 484-0654 today.