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My wife and I moved out to Long Island in December 2016, so just over a year ago. We're in an unincorporated area inside Town of Hempstead.
When we bought the house, the taxes were at about $12k. The previous homeowners just had basic STAR, nothing else (I also signed us up for STAR). According the Nassau Country LRV website, it was assessed at $370k for the 2016/2017 period. We paid $630k for it.
Now this year, our taxes have skyrocketed to over $18k, and the house is assessed at $515k. We grieved our taxes last year, but as I understand it, the grieving process lags two years behind, so you're always grieving for your taxes two years into the future. If that's true, then we weren't even living in the house during the period when we would have been eligible to grieve for the 2018 year.
My main concern relates to this note that's on the Nassu County website:
We did no renovations, and our assessed value went up by almost 40%. It doesn't say anything about an exclusion due to new sales. I've tried calling the Department of Assessment, but it just rings and rings and then says no one can answer, and to try again later.
My neighbor moved in 2 years ago, paid almost the same price for his house, and his taxes have stayed right around the $12k mark. This is also the case with a few of my coworkers. I've never heard of anyone's taxes jumping from $12k to over $18k in a single year, and even if it did, that seems to conflict with the rule about assessed values not increasing more than 6% a year.
Does anyone have any insight on this?
Few possibilities I can think of.
1. Renovations were done on the property by the seller in the year prior to the current assessed period
2. Renovations may have been done in years prior, but the seller never made the county aware/ closed out any permits, etc until the year prior to the new assessment (somewhat common as some homeowners hold off on final permits until they know they need it such as prior to selling their home.
3. Seller's grieved and won their appeal of the the assessment used for last year's taxes. However, that appeal was not finalized before the assessment for this year's taxes came out. As a result the 6% max was tied to the previous year's assessed value prior to the reduction granted due to grieving. If this were to happen you would typically be able to grieve the taxes again and the 6% max increase would be tied to that reduction. However, in this case it appears that appeal never occurred.
Quote:
Will the 6% limit apply to the reduced assessment?
Yes. If you accept an offer of reduction from the Assessment Review Commission, the reduced assessment will be the base for the 6% limitation in the following year.
However, in some cases the new tentative assessment will be set before the revised assessment information is available. You will be entitled to a correction if this is the reason why the new assessment increases more than 6%; you may preserve your right to the correction by appealing the new assessment.
Yikes! I pay less in Garden City for my taxes. Seems to me someone made a mistake.
I certainly hope so... I'm still not sure what's going on.
Maybe there's just something simple I'm not understanding. If anyone wants to take a closer look, here are the values for our property. You can see how it jumped pretty high from 2017 to 2018. Fortunately it tentatively is dropping a little for 2019, but that's little consolation for right now.
I certainly hope so... I'm still not sure what's going on.
Maybe there's just something simple I'm not understanding. If anyone wants to take a closer look, here are the values for our property. You can see how it jumped pretty high from 2017 to 2018. Fortunately it tentatively is dropping a little for 2019, but that's little consolation for right now.
Except that there wasn't. About 8 years ago two of the bathrooms and the kitchen were updated, but that's it.
Quote:
Originally Posted by exm
First of all, did you file your appeal paperwork this year? If not, please do.
Second, call the county and ask the reason behind the big jump. Can't hurt, right?
Yeah I've tried. It always just rings, then says that no one is available at this time and try again. I guess I'll just have to drive over there.
And yeah we've already done the grievance for this year.
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