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:
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