How To Reduce Property Taxes In New York
How To Reduce Property Taxes In New York
There are many factors that go into receiving a correct property tax assessment, and if you feel you are being taxed too much, there are certain steps you can take to correct the situation. We will discuss several options in this article.
Hire A Pro To Appeal Your Property Taxes
You can employ the services of a firm that offers help with property tax grievance proceedings, as a property tax appeal service can help reduce your taxes by going through the property tax grievance process on your behalf. Sokol Group offers property tax grievance services and puts their wealth of knowledge and experience to work for you.
Use An Online Service To Appeal
You can interact with the NYC Tax Commission online to request an adjustment to your taxes, and this can be done annually between March 1 and March 15th. You’ll also need to get in touch with the Tax Commission to review your assessment, and you can contact the pertinent departments here.
Going It Alone
You will need to provide evidence that your home assessment was inaccurate, and to do this, you’ll need to provide evidence. You can do this by collecting photographs and information regarding the sale price of five to ten homes in your neighborhood with similar square footage and property size.
Check your notice of assessment for the contact information for the office you’ll need to get in touch with, and you also need to be careful to work within the window provided. This can range from two to six weeks, and it is the only time of year you can protest your assessment. Review the information on the card, and make sure that the square footage, number of rooms, and all other information is accurate.
State Programs That Can Lower Your Property Taxes
You can take advantage of programs designed to reduce property tax bill, and one such provision you can apply for is a STAR credit through the Tax Department. This is available for people earning less than 500,000 a year who own their home and live in it as their primary residence, and there is an enhanced benefit for senior citizens.
When you take steps to make sure your taxes are properly assessed, this will save you a tremendous amount of money in the long run. If the process seems too daunting, you can employ the help of a property tax grievance service like Sokol Group to make the process easier for you.
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