As property tax grievance season approaches in New York, homeowners may be overpaying. This post highlights the process of calculating property taxes and filing a grievance to potentially reduce assessments and save money. It provides essential steps, deadlines, and resources for homeowners to effectively navigate the grievance process.
Is Our Market Losing Momentum?
Word has spread recently that the housing market is suffering a decline, or at best a shift from the strong seller's market we have recently witnessed. Dozens of media publications have reported on the recent sales decline since last year. And why is that? Well, there are a number of factors. However, there is one type of property that appears to be finding strength amidst the softening market...
It’s Tax Grievance Time!
Tax grievance involves challenging property tax assessments to reduce tax liability. Homeowners must prove their property's assessed value is inflated, a process often requiring legal assistance. The grievance period is short, typically in May or June, and is best initiated in the year of purchase. Professional help can yield significant savings.