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.
Think Your Property Taxes Will Go Up? Here’s What You Need to Know
This week we will be exploring the intricate and ever evolving multi-verse of property taxation. I have included a brief 12 minute video tutorial, in which I will walk you through the process of calculating property taxes for yourself, the method used to do it, and the websites needed to access the data. I will also show you how to translate that oft confusing assessment into the full market value per the town.
Getting Ready to List? Legalize Your House!
It's a new year, and a new market! That's right, folks, the Spring market is just ahead and it's time to take stock of some of the most common pitfalls that trap sellers that can cost them lots of time and money. Not checking building records prior to going live on the market tops my list of main offenders, because it is by far and way the most common, headache-inducing blunder home sellers make.
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.