The Benefits of Hiring a Professional to Help You Lower Your Property Taxes

 

Do you want to lower your property taxes but don't know where to start? It can be a complicated process, which is why hiring a professional who specializes in this area can be extremely beneficial. Not only will they be able to work with the local tax assessor's office and identify any potential savings, but they'll also know the latest laws and regulations that may impact your situation.

Here are some key benefits of hiring a professional to help lower your property taxes:

Expert Advice

A professional will provide expert advice when it comes to understanding the nuances of local tax laws and regulations. They will carefully analyze your situation and develop strategies for lowering your tax burden. This expertise can make all the difference in whether or not you can successfully reduce your property taxes.

Legal Representation

In some cases, hiring an attorney may be necessary if the tax assessment is contested or you need legal advice about filing an appeal. An experienced attorney will provide valuable legal representation that could significantly save your property taxes. A professional can also negotiate with the tax authority on your behalf, which helps ensure that all negotiations go smoothly.

Time Savings

Dealing with tax issues can take up a lot of time if you try to do it all yourself. Working with a professional, however, ensures that all paperwork is filed correctly and on time so there are no delays or problems. This saves you both time and money in the long run as well as avoiding potential penalties related to missed deadlines or incorrect filing procedures.

Property Tax Consultants on Long Island

If you want to reduce your property taxes, we’re here to help. Based in Plainview, New York, P.T.R.C., Inc. specializes in minimizing clients’ property tax assessments with personalized service. Our number one priority is customer satisfaction.

Spring 2023 on Long Island

 

Spring 2023 on Long Island: What to See and Do

We may be biased, but Long Island, New York, is one of the most beautiful destinations in the United States! Known for its sandy beaches, vineyards, and picturesque towns, it's a perfect place to enjoy your spring vacation. Spring is the best time to visit as the weather is mild, and nature is bursting with colors.

From enchanting gardens and dazzling marine life to historic museums and cultural events, this article will help you plan your spring 2023 on Long Island.

Historical Sites and Museums

Spring's mild weather is an ideal time to explore indoor historical sites and museums, and Long Island offers many options. Visit the Vanderbilt Museum and Planetarium in Centerport, where you'll find a mansion filled with antiques and exhibits related to maritime history and a planetarium. Another option is the Cradle of Aviation Museum in Garden City, which features aviation history and exhibits.

Gardens

Long Island's lush gardens are one of the biggest spring highlights; you should not miss out on them. The Old Westbury Gardens should top your itinerary, offering acres of blossoming gardens, natural landscapes, and mesmerizing views of the mansion's interior. Meanwhile, the arboretum of the Planting Fields Foundation in Oyster Bay offers an extensive range of plant life, including trees, shrubs, and flowers, in a park-like setting.

Beaches

Spring is the perfect time to explore Long Island's numerous beaches without the usual summer crowds. Among the best beaches include East Hampton Village Beach, Coopers Beach, and Fire Island's Ocean Beaches, all of which offer amazing views, clean beaches, and an array of activities. Not to mention, East Hampton Village Beach has numerous seafood restaurants, shops, and art galleries along the shoreline.

Vineyards

For wine lovers, Long Island's vineyards will offer you a good time while enjoying the scenic beauty! You can start with Bedell Cellars in Cutchogue, which features elegant tasting rooms and world-renowned wines. From there, explore the Macari Vineyards in Mattituck, which offers rustic wine tasting in its barn, surrounded by gorgeous vineyards.

Overall, Long Island is full of things to do and places to visit. With everything from quaint beaches to large metropolitan areas, there's something for everyone here.

Contact Us for Property Tax Reduction on Long Island

Here at P.T.R.C., Inc., we are determined to help our clients pay the lowest amount of property tax as required by law. Contact us today to see how we can help you: info@ptrc.comc.com

Is Your Home Over-Assessed? Signs to Look For and What to Do

 

Home assessments are a critical component in determining property taxes, but sadly not all assessments are as accurate as they should be. Over-assessing a property can lead to an unnecessarily high tax bill, leaving homeowners with a hefty financial burden. Undoubtedly, most people would agree that the idea of paying more in taxes than necessary is frustrating.

With this in mind, it's worth asking: is your home over-assessed?

1. Understanding Property Assessments

Property assessment is the process local municipalities use to establish a value for your home, which determines your property taxes. These assessments are updated periodically (the frequency varies by location) to reflect changes in the real estate market, a home's condition, or neighborhood development. Property assessments consist of two components: the land value and the improvement or building value.

It's worth noting that assessments are not the same as appraisals — while appraisals determine the market value of a property for sale or lending purposes, assessments focus exclusively on tax implications.

2. Signs That Your Home May Be Over-Assessed

There are a few key indicators that your property may be over-assessed:

• Firstly, check whether your property's assessed value is significantly higher than that of similar homes in your area. This could be due to an incorrect categorization of your home or even an outdated assessment that doesn't accurately reflect current market conditions.
• Secondly, keep an eye on any significant changes to your assessment, particularly if they don't align with broader trends in your neighborhood or the greater real estate market.
• Lastly, consider whether your home's assessed value has increased without significant improvements or additions to the property. This could signify an error in the assessment or reflect inaccurate reporting of local taxes.

3. How to Find Comparable Properties

The easiest way to determine if your home's assessment is fair is by comparing it to recent property transactions in your neighborhood. Use online real estate websites or ask a local real estate agent for transactions involving similar properties in size, age, and location. Bear in mind that assessments need to consider various factors, so not all properties will be directly comparable to yours. Having said that, becoming familiar with the valuations of similar properties will provide you with a reference point when discussing your concerns with local tax authorities or a professional.

4. Disputing an Over-Assessed Property

If you suspect you're over-assessed, your first course of action should be to contact our team! We will provide you with the necessary paperwork and guidelines to appeal your property's assessment. It's important to note that each jurisdiction has its own filing deadlines, so make sure you're aware of these to avoid missing the opportunity to file an appeal.

 

5. Preventing Over-Assessment in the Future

One of the most important steps homeowners can take to prevent over-assessment is staying informed about property taxes in their local community. Attend town hall meetings, read local newspapers, or subscribe to updates from your local tax assessor's office to stay up-to-date on property tax policy and regulation changes. Additionally, if you make significant improvements to your home, report them accurately to your local tax assessor's office to ensure your property's value is reflected accurately in future assessments.

Property Tax Consultants on Long Island

If you want to reduce your property taxes, we’re here to help. Based in Plainview, New York, P.T.R.C., Inc. specializes in minimizing clients’ property tax assessments with personalized service. Our number one priority is customer satisfaction.

5 Common Property Tax Myths Busted

 

Property taxes can be a confusing topic for many homeowners. There are several myths and misconceptions that exist about property taxes, which can make it difficult to understand how they work. In this blog post, we will bust five common property tax myths.

Myth #1: Property Taxes Only Apply to Homeowners

Many people believe that property taxes only apply to those who own houses. However, this is not true. Property taxes apply to any real estate that you own, including commercial properties and vacant land.

Myth #2: Property Taxes Are Based on the Value of Your Home

While your home's value plays a role in determining your property tax bill, it is not the only factor. Local governments also determine property tax rates based on their budget needs. This means that even if your residence's value stays the same, your property tax bill could still increase if the local government raises the tax rate.

Myth #3: You Don't Have to Pay Property Taxes if You Own Your Home Outright

Even if you own your home outright and have no mortgage payments, you are still responsible for paying property taxes. Failure to pay them can result in liens or even foreclosure on your house.

Myth #4: Property Taxes Only Cover Public Schools

While public schools rely heavily on property taxes for funding, they are not the only beneficiaries. Other entities such as parks and recreation departments, libraries, police, and fire departments also receive funding from property taxes.

Myth #5: You Can't Appeal Your Property Tax Assessment

If you feel that your property tax assessment is too high, you do have the right to appeal it. Many homeowners assume that they have no recourse when it comes to their property tax assessment, but this is not true. You can file an appeal with our professional team, and we will provide evidence to support why you think the assessment is incorrect.

Ready to Save Money?

You count on one of the leaders in property tax challenges! For decades, Property Tax Reduction Consultants on Long Island has strived to minimize clients’ property tax assessment with personalized service. Customer service is our number one priority.

Upcoming Deadline Information

 

Deadline season is approaching, and with some changes to our deadline dates, we have all the information you'll need below about the due dates for each county and the benefits of working with our team. In fact, by working with our professional tax consultants, you can save hundreds or even thousands of dollars every year.

So if you want to start saving money on your property taxes today, read below for everything you'll need to know about our deadlines.

 

Nassau County Deadline

Recently, the Nassau County deadline date has been changed to Monday, April 3rd, 2023. Our office must receive all applications by 10 AM that day. Filing a property tax grievance can be time-consuming and requires extensive research and documentation. Working with professional tax consultants saves you the hassle of dealing with paperwork and legal procedures.

Suffolk County Deadline

Although a little later on, it's still important to mark your calendar and even send in your application ASAP, as there's no harm in taking care of this important task early. For Suffolk, the deadline date is Tuesday, May 16th, 2023. Our professional tax consultants have a proven track record of successfully reducing their clients' property taxes. They know what evidence is required to support your case, how to present it effectively, and how to negotiate on your behalf.

Save Money Today

Dealing with property taxes can be stressful, especially if you feel like you're being overcharged or unfairly assessed. By working with professional tax consultants, you can alleviate that stress and feel confident that experts with your best interests handle your case.

Most importantly, applying for a property tax grievance with professional tax consultants can save you significant amounts of money every year. Even small reductions in your assessment can add up over time, resulting in substantial savings on your property taxes.

Property Tax Consultants on Long Island

If you want to reduce your property taxes, we’re here to help. Based in Plainview, New York, P.T.R.C., Inc. specializes in minimizing clients’ property tax assessments with personalized service. Our number one priority is customer satisfaction.

6 Ways to Be More Organized With Your Money

 

Managing your finances can be a daunting task, but with the right tools and mindset, it doesn't have to be. Being organized with your money not only helps you stay on top of your bills and expenses but also puts you in control of your financial future. Here are six simple ways to get started:

1. Create a Budget

Creating a budget is the first step to being more organized with your money. A budget helps you track your income and expenses and identify areas where you can cut back or save. Start by listing your monthly income sources and bills, then allocate funds for necessary expenses like rent/mortgage, utilities, groceries, transportation, etc. Finally, set aside some money for savings and discretionary spending.

2. Use Finance Apps

In today's digital age, there are countless finance apps available that can help you manage your money more efficiently. There are many apps out there that allow you to link all your accounts in one place to easily track your spending and see where your money is going.

3. Automate Bill Payments

Late payments can result in fees and damage to your credit score. To avoid this, consider setting up automatic bill payments for all your recurring bills (rent/mortgage, utilities, loans). This way, you won't have to worry about missing a payment or paying late fees.

4. Track Receipts

Keeping track of receipts might seem tedious at first, but it's an essential part of being organized with your money. Save all receipts from purchases made with cash or debit/credit cards so you can reconcile them against bank statements later on.

5. Set Financial Goals

Setting financial goals gives you something concrete to work towards and helps keep you motivated along the way. Whether it's saving up for a down payment on a house or paying off debt by a certain date, having clear goals makes it easier to prioritize spending and make informed financial decisions.

6. Review Regularly

Finally, it's important to review your finances regularly – ideally once a week or month – to ensure that everything is on track. Check in on how much money you've spent versus how much is left in each budget category; review recent transactions for any errors or fraudulent activity; update any changes in income or expenses; and adjust as needed.

Ready to Save Money?

You count on one of the leaders in property tax challenges! For decades, Property Tax Reduction Consultants on Long Island has strived to minimize clients’ property tax assessment with personalized service. Customer service is our number one priority.

Tips for Winter Property Safety

 

The weather is still cold, and the days are still short — it is important to ensure that your property is safe for the rest of these winter months. You can do many things to ensure that your home and yard are well-protected during the winter season.

Here are some tips to help you stay safe and secure during this time of year.

 

Inspect Your Roof and Gutters

The roof of your home or building is the first line of defense against snow and wind, so it's important to inspect these areas. Check for any loose or missing shingles, clogged gutters, or downspouts. Clearing out debris in your drains will help prevent water damage due to freezing temperatures. You should also check that all around vents on your roof are sealed properly to prevent any drafts from coming through them.

 

Protect Outdoor Fixtures

Outdoor fixtures such as lamps and fountains should be disconnected from their power sources before the extreme cold weather sets in. If they're not detached, they could be damaged by freezing temperatures. Additionally, furniture cushions should be stored indoors over the winter months to prevent them from becoming wet and moldy due to snowfall. Rain barrels should also be drained of any excess water before the freeze sets in, as frozen water can cause them to crack or leak later on down the line.

 

Check Windows and Doors

It's important to check windows and doors for cracks or drafts that could allow cold air into your home or building during the winter months. Any windows or doors that aren't properly sealed should be caulked or insulated with weather stripping to keep out drafts. Also, storm windows should be installed if necessary—these provide extra protection against harsh winds while allowing natural light into your home or business space during the day.

 

Property Tax Consultants on Long Island

If you want to reduce your property taxes, we’re here to help. Based in Plainview, New York, P.T.R.C., Inc. specializes in minimizing clients’ property tax assessments with personalized service. Our number one priority is customer satisfaction.