P.T.R.C. Inc.'s Sean Acosta Tells All in Long Island Business News

Property Tax Reduction Consultants

125 Jericho Turnpike, Suite 500 
Jericho, NY 11753

(516) 484-0654 or (631) 484-0654

Since 1990, the P.T.R.C. Inc. team has been helping Long Island homeowners with their property taxes in an effort to make sure that they are paying the lowest amount of property tax as required by law. Led by president and founder, Sean Acosta, we've successfully handled 230,000 assessment challenges and have secured millions of dollars in savings for homeowners.

Recently, Sean sat down with Long Island Business News to answer questions about tax grievances, the process and more - let's dive into what he had to say.

First and foremost, Sean went over how counties figure out what to charge homeowners in property taxes and why your taxes can go up each year. The answer? Counties use property assessments (which are based on market value) and tax rates to determine property taxes. The reason property taxes can go up every year is because market values can change and budgets of local governments and school districts go up, which also means tax rates do too.

Next, Sean covered an important question that we bet many of you might have - why do some homeowners that live on the same street and in the same neighborhood pay different property taxes? The answer to this is simple - some homeowners have fought their property taxes while others have not. If you've already challenged your taxes, it is certainly possible that you can get another reduction, so whether you have or have not filed for a tax grievance in the past, it's worth looking into it this year.

In his interview Sean also addressed the question of how you can see if you have the right assessment and if you're paying the right amount of property taxes. Ultimately, each town has its own website with property tax and assessment information, or you can take a look at your tax bill. Once you have that information, you'll need to compare your home's market value to others in your neighborhood and see how things match up. Note: don't look at what others in your neighborhood pay in property taxes - comparable home sales is what you should be most concerned with!

And what about those homeowners who live in an incorporated village? Sean explains that you can fight those taxes too, but most villages issue a separate tax bill with assessments and market values that differ from the counties. Additionally, incorporated villages tend to have different filing deadlines.

If you're thinking about filing a tax grievance this year, don't push it off for any longer - send P.T.R.C. Inc. your application today! In Nassau County the process can last between 18 - 24 months, and in Suffolk County it can take from 12 - 18 months, so  you'll want to get started as soon as possible. Additionally, you don't want to risk missing the deadline, which is March 1, 2017 for Nassau County and May 16, 2017 for Suffolk County.

For more information, please visit www.ptrc.com or call (516)/(631) 484-0654 today.