N.Y. Taxes SOAR while Income FALLS

Property Tax Reduction Consultants 

125 Jericho Turnpike, Jericho, NY 11753

516-484-0654 or 631-484-0654

www.PTRC.com

Did you know that between 2008 and 2011, the median household income in New York fell 1.4 percent to $55,246, while property taxes increased 18 percent, according to U.S. Census data?

This has become a reoccurring problem with New York consistently having the highest property taxes in the nation.  In fact, New York has eight of the top 10 counties when comparing counties who paid the most in property taxes compared to home values. 

Mike Duran, state director of the National Federation of Independent Business, said New York needs to boost its business competitiveness.  “As he taxes continue to go up and as the business costs that are mandated by the state continue to be ignored, nobody is going to be hiring,” he said. 

Gov. Andrew Cuomo has recently brought forward a plan which would cap property-tax at the 2 percent growth maximum.  Although the state government has implemented specific plans, it may not be enough to help find a solution.

If you’re in need of tax reduction help, contact Property Tax Reduction Consultant, THE LEADER IN PROPERTY TAX CHALLENGES SINCE 1990.  Let PTRC help you!

You can now LIKE us on Facebook, FOLLOW us on Twitter, view our videos on YouTube and read our latest tips, updates and industry specific information right here on the PTRC Blog.

How Property Tax is Calculated

Property Tax Reduction Consultants 

125 Jericho Turnpike, Jericho, NY 11753

516-484-0654 or 631-484-0654

www.PTRC.com

Want the low-down on how Property Tax is calculated? Here it goes…

Property tax is tax based on the value of real property, such as counties, towns, villages, schools, road and other services for home owners. Your property tax is determined from your county and the jurisdictions in each county itself. Many people often wonder how to calculate your property tax and how it all works out.

You can calculate the amount you pay in property taxes by multiplying your property’s taxable assessment times the tax rates for school districts, municipalities, counties and special districts. The taxed owed is the taxable assessment times the tax rate to get you your final answer on your property tax.

Here are the steps of how it is calculated.

• Taxing jurisdiction ( school district, municipality, county, special district,)
• Taxing jurisdiction determines revenue from all sources other than the property tax( state aid, sales tax, user fees)
• Revenues are subtracted from the budget and the remainder becomes the lax levy. The tax levy is the amount of the tax levy that is raised through the property tax.
• To determine the tax rate, the taxing jurisdiction divides the lax levy by the total assessed value of all the property in the jurisdiction.
• Because tax rates are generally expressed as “per $1,000” of taxable assessed value” the product is multiplied by 1,000.

Those are the steps to take to calculate the tax rates for your property taxes. Your tax bill can change each year due to the changes in the school district or local government. Looking over your property taxes and knowing how they are calculated is always beneficial for managing your finances. 

Do you think you are paying too much in property taxes? Contact Property Tax Reduction Consultants today! We have helped tens of thousands of homeowners just like you save money, and get back millions of dollars in refunds from the towns, for overpaid property taxes. Our mission is to ensure you pay the lowest amount of taxes required by law.

For more information about Property Tax Reduction Consultants, visit PTRC.com, or check out our Facebook Page, linked HERE. 

Property Tax Cap Remains at 2%

Property Tax Reduction Consultants 

125 Jericho Turnpike, Jericho, NY 11753

516-484-0654 or 631-484-0654

www.PTRC.com

The New York State property tax cap will remain at this year’s rate of 2%.  The cap took effect for local governments in January and schools in July at 2% or the rate of inflation, whichever is lower. Last week, the state Comptroller’s Office projected inflation to grow by 2.9% in 2013.

This will be the second year that local governments constructed budgets under the cap. This limits revenue by keeping leaders from raising property taxes by more than 2%. Even though 80% of municipalities and 90% of school districts stayed under the cap during the first year, leaders are predicting it will be hard to do that again this year.

CLICK HERE to read the full article! 

Come See PTRC at the Home Show!

Property Tax Reduction Consultants 

125 Jericho Turnpike, Jericho, NY 11753

516-484-0654 or 631-484-0654

www.PTRC.com

PTRC will be participating in the September 2012 American Consumer Shows (ACS). The show will take place on September 21^st-23^rd at Suffolk Community College located in Brentwood, Long Island.

The home show is a great event to attend for homeowners who are remodeling, landscaping and/or decorating their homes. There will be tons of home improvement and landscaping exhibits for you to use as inspiration for your personal spaces.

You can find PTRC at the home show, showcasing different ways to evaluate your property tax!

We hope to see you there! For more information visit our website, or our Facebook page, linked here! 

Your FAQ's Answered!

Property Tax Reduction Consultants 

125 Jericho Turnpike, Jericho, NY 11753

516-484-0654 or 631-484-0654

www.PTRC.com

Here are a couple of FAQ’s answered by the professionals at PTRC!

What is Property Tax?

Property tax is a tax based on the value or 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 homeowners.

What is property tax assessment?

An annual determination by the Department of Assessment, which consists of a total assessed value, a taxable assessed value, and a tax class designation.

How is my property tax determined?

Nassau County's taxing jurisdictions range in size from the county itself to towns, cities, villages, local school districts, library districts, and other special districts providing specific services to people in their boundaries. Of course, you only pay taxes in a few of them, the exact number varies depending on where you live. With the exception of cities and those villages which establish their own tax rolls for city and village purposes, each year these taxing jurisdictions examine the assessment roll prepared by the Department of Assessment and establish budgets which determine the tax levy (amount of money to be raised by property taxes).Taxes for village or city purposes and for school purposes are billed separately. The tax rates for all the other taxing jurisdictions in which your property is located are added together and that consolidated tax rate (per hundred) multiplied by the assessment of your property equals your property tax for county, town, and special district purposes.

Why should I challenge my assessment?

If you feel the municipality has given you a market value that is more than you feel your house is worth in today’s market you should challenge your assessment. If you feel your neighbors may be paying less than you, you should challenge your assessment. Under New York State Real Property Tax Law (Section 730 NYRPTL) homeowners are entitled to reduce their Property Tax Assessment a maximum of 25% per year. The municipality does NOT notify you of your eligibility. It is up to you to find out for yourself. We can qualify you! There is no cost to qualify! (To qualify go to application on our website, LINKED HERE)

Do you have any other questions? Call us today! We’ll be happy to answer any questions you may have! Be sure to visit our Facebook page, linked HERE! 

How Can PTRC Help You?

Property Tax Reduction Consultants 

125 Jericho Turnpike, Jericho, NY 11753

516-484-0654 or 631-484-0654

www.PTRC.com

Are you wondering how PTRC can help you? If you’re a homeowner who feels you no longer have the equity you once had, or that your home isn't worth as much as it was a year ago, then PTRC can help! It may be time to evaluate your property tax. Because many home values are dropping, this is the best time to challenge your property tax assessments.

Here are a couple of service advantages you earn from using PTRC:

• There is NO FEE to be qualified. If we find that you are paying your fair share of property taxes there is absolutely NO COST TO YOU.
• After a FREE analysis and we determine that your property taxes are excessive, we will file a tax grievance for you.
• You do nothing!
• With the latest data and technology we will do all the paperwork and make any necessary appearances on your behalf.

Reasons to File Now:

• Be sure of your tax liability before the annual deadline to adjust your assessment.
• No one from our office has to come to your home.
• Your taxes cannot go up because of this process.
• PTRC will analyze the county records and determine if you are fairly assessed.
• There is NO FEE to be qualified.
• PTRC has the latest data, technology, and expertise to successfully represent you. We have secured millions of dollars in savings and refunds for our clients. We can do the same for you!

If you think PTRC can help you, call us TODAY! We can’t wait to hear from you! Also, be sure to visit our Facebook page, linked HERE! 

PTRC Has Helped Tens of Thousands of Homeowners Save Money AND Get Back Millions in Refunds from the Towns!

 Property Tax Reduction Consultants 

125 Jericho Turnpike, Jericho, NY 11753

516-484-0654 or 631-484-0654

www.PTRC.com

Sean Acosta, the owner of PTRC, has over 22 years experience in Property Tax Reductions and has helped tens of thousands of homeowners just like you save money, and get back millions of dollars in refunds from the towns, for overpaid property taxes. 

Our mission is to ensure that you pay the lowest amount of taxes required by law.

PTRC attributes our success to the personalized service, aggressive negotiating skills, and a sophisticated well documented approach in dealing with the taxing authorities. We do our homework and it shows in the tax savings that we secure!

Challenging your property tax assessment is your right! Every town has a specific time when they will accept applications. If you miss the deadline you have to wait a whole year, and continue overpaying on your property taxes. 

Don’t let that happen to you! The time is now! Let PTRC help you!

Click one of the links below to obtain a blank application.

PDF Format   Nassau  Suffolk

Microsoft Word Format  Nassau  Suffolk

Property Tax Reduction Consultants is now LIVE on Social Media!

Property Tax Reduction Consultants 

125 Jericho Turnpike, Jericho, NY 11753

516-484-0654 or 631-484-0654

www.ptrc.com

Property Tax Reduction Consultants, THE LEADER IN PROPERTY TAX CHALLENGES SINCE 1990, is now LIVE on Social Media! 

You can now LIKE us on Facebook, FOLLOW us on Twitter, view our videos on YouTube and read our latest tips, updates and industry specific information right here on the PTRC Blog. 

If you are a property owner in New York you may feel that you are paying too much in property taxes. New Yorkers pay among the highest property taxes in the country.

The staff at P.T.R.C. is dedicated to assuring that our clients pay the lowest possible property tax as required by law.

We pride ourselves in being highly regarded in the industry and with the assessing units. Property Tax Reduction Consultants has helped over 120,000 homeowners, just like you, save money and get refunds from the towns for overpaid property taxes. LET US HELP YOU!

For more information, LIKE our Facebook page, linked HERE!