Thursday, April 9, 2015

Frequently Asked Questions

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

Here at Property Tax Reduction Consultants, we understand that the grievance process may be unfamiliar to some homeowners.

We've answered some of the most frequently asked questions that pertain to property tax and the grievance process. If your question isn't answered, we encourage you to give us a call. Our professionals are here and ready to help you in any way we can.

What is Property Tax?
Property Tax is a tax based on the value of real property. Cities, towns, counties, 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.

Why should I challenge my assessment?
If you feel that 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.

When is filing time?
Nassau County: January 1-March 2nd
Suffolk County: May 1st-May 19th

How can I find out if my property taxes are too high?
Click on our application tab on our website, Print it, sign it and email, fax or mail it to us.

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

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