Mitlin Financial is always looking to share pertinent information with our clients, prospective clients, professionals we work with, and all those in our network. Those of you that own property, residential or commercial, in Nassau County will want to be aware of the assessments currently underway.
Nassau County has committed to evaluating every property by January 1st for the upcoming tax year. At this time it is unclear what this will mean for property owners, but you will want to be proactive, and there are things you should consider doing in anticipation of this being completed.
First and foremost, it is vital to have a tax certiorari review your current tax bill. A tax certiorari, for those of you that do not know, is an attorney that you can engage to grieve your taxes. They will typically evaluate how your property is currently being assessed to determine if you are being under or over charged in relation to similar properties in the area. They will commence the grievance process for you if they believe you are being over-assessed.
It is important that you have your property evaluated prior to the new assessment being completed so they know where your property stands today. This will be vital information to review against the new assessments when they are released.
Nassau County has not released any indication regarding the reassessment and it could go either way. Homeowners and commercial property owners may see their tax bills increase or decrease. It will be important to stay on top of this so you know what your options are once the information is released.
We highly advise all property owners in Nassau County, residential and commercial, have their taxes reviewed and develop a relationship with a tax certiorari that can walk you through the process as it unfolds.
Feel free to contact us, Mitlin Financial, at (844) 4-MITLIN x12 if you or someone you know needs assistance in having their real estate taxes reviewed. We have relationships with several top notch attorneys that practice in this area that will be able to lend you the assistance you need. We would be happy to make an introduction.
Please share this with your family, friends, co-workers and anyone else that you know who maintains residential and/or commercial property in Nassau County.
This article represents the opinion of Mitlin Financial Inc. It should not be construed as providing investment, legal and/or tax advice.