Filing for a Nassau property tax reductionhas become a norm. If you are not already on the bandwagon then it is time that you jumped on. It is a known fact that property holders who do not file for Long Island property tax reduction see their property taxes increase year after year.
If you have neighbors who pay Nassau county property tax and file tax grievance every year, you would notice that their taxes tend to get lowered. This is all to be blamed on the system.
Nassau county property tax is calculated in such a way that the burden of lowered taxes falls onto the tax payers who do not file for a grievance. This means that if you have not been filing Long Island tax grievance then you are paying inflated taxes.
A record number of property tax payers have filed for Long Island property tax grievance. Almost 2/3rd of property owners have had their grievances accepted with a positive reply.
If this is your first time as a property owner to file for a grievance, then there are a number of things you need to take care of: –
Maximum Long Island tax grievance applications are rejected because of improper paperwork. The tax authorities will repeatedly ask you to file for you tax grievance yourself, stating that paperwork is very simple. Do not fall into this trap. A minor error on your Long Island tax grievance paperwork will have your claim rejected.
Now, this is a tricky part. How will you calculate the tax amount to be filed as Nassau property tax reduction? You can’t go too low or too high in calculating this amount. One of the things you need to know is that even if your Long Island property tax reduction is not accepted, there is no way that your will increase. The rules are very clear that taxes can only be lowered and not hiked when it comes to filing a tax reduction.
Last but not the least; you need to be double sure to keep the deadlines straight. Now, it can be difficult in your busy lives of managing a property, job or children to remember deadlines. But, if you miss the deadline to file a reduction on your Nassau county property tax for that period, then you cannot file it at all.
While thinking of filing for a reduction on your Long Island property tax reduction it is advisable that you hire knowledgeable experts who know what they are doing. There are many consulting groups who do not even charge an upfront fee. They take a percentage of whatever they help you save.
The deadline for filing Nassau property tax reduction has been extended till April 2 of this year. However, there is no use of this extension if you do not file your Nassau county tax grievance with correct paperwork. Every year hundreds of grievances are filed with majority of them being cleared in favor of the property owner.
If you own property in any of New York state counties, then it is imperative that you file for a refund on Nassau county property tax. By applying for a Long Island property tax reduction you not only stand to lower your tax amount, but also increase the property value.
Apart from this there are many other ways in which a Long Island tax grievance helps you. These are the prime reasons why you should file for a refund on Long Island property tax.
- Probability of an increase in property value
If your Nassau property tax reduction grievance is won in your favor then the value of your property might increase. This is because a potential buyer might find lower property taxes attractive and agree to pay more during sale.
- No increase in Nassau county property tax
Usually Nassau county tax grievance is very easy to win. However, even if you do not get a tax refund, there is nothing for you to lose as property tax cannot be increased even if it is not lowered. As per the New York State law, a property tax assessment cannot be increased under any circumstance even if it is not being reduced.
- Reassessment is your right
Filing for a Long Island property tax reduction or for that matter in any county in New York State is your legal right. Many times the assessment calculation forms which you receive in mail can be incorrect or erroneous. There can be a number of reasons for this with the most common being typing errors. There can also be a mistake in assessment of your property; the rooms, the space etc. In such cases if you file for Nassau county tax grievance related to property then you don’t just stand a chance to lower your taxes but to also rectify assessment mistakes.
- No time lost or efforts wasted
With an experienced consulting firm such as Cobra Consulting group you do not stand to lose any time or money in your efforts to file for a Nassau property tax reduction. We have been in this business for decades and know our job well. This is why we do not charge any upfront fee. All our charges and fee payable would come out of the tax refund amount.
So go ahead and file your Nassau county tax grievance without any delay. Get in touch with Cobra Consulting Group.