Property Taxes: Frequently Asked Questions

Property Tax Reduction Consultants

125 Jericho Turnpike, Suite 500 
Jericho, NY 11753

516-484-0654 or 631-484-0654

www.PTRC.com

Are you a first time property tax griever?  Don't worry - we're here to help!  Here are a few of the most frequently asked questions we receive about filing for a property tax grievance in Nassau and Suffolk counties.

Frequently Asked Questions:

Why Should I Challenge My Property Taxes?
The municipalities put a market value on your property each year.  However, many people don't know what the true market value of their property is.  If you are overpaying, we can help you reduce your property taxes and save you money.

How Often Can I Challenge My Property Taxes?
Nassau and Suffolk homeowners are among the highest tax payers in the United States.  You have the legal right to fight back - but there is only a small window in which you can accomplish this.  You can fight your property taxes once a year during this period.

How Are My Taxes Determined?
Taxes are determined based on your market value.  Once your market value is determined, they multiply that times your RAR, or your residential assessment ratio.  This gives you an assessed value.  Then they take the assessed value times your tax rate to get your property taxes.  We know that it can be difficult to determine this number on your own.  At PTRC, we accurately determine your property taxes and help you pay the lowest possible property tax as required by law.

Interested in learning more about how we can help save you money?  Visit our website or give us a call at 516-484-0654 or 631-484-0654.

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