News & Events
Nassau County Veterans' Real Property Tax Exemptions
The current alternative veterans' exemption was designed to make more veterans eligible for exemptions, especially those veterans of Korea and Vietnam who did not receive payments which would have qualified them under the old law.
The definition of wartime contained in the law was recently amended to include the period of February 28, 1961 to May 7, 1975. Previously, the Vietnam War was defined in the law starting on December 22, 1961...
Click for Full ArticleSuffolk IDA creates Uniform Tax Exempt Policy
The Suffolk County Industrial Development Agency adopted a new policy Thursday that allows it to provide greater benefits to companies with significant growth plans.
The Uniform Tax Exempt Policy provides larger property tax reductions, sales tax exemptions and exemptions from the Mortgage Recoding Tax. Eligibility for these benefits will be evaluated on a case-by-case basis. Priority will be given to those projects deemed significantly important to Suffolk County that incorporate affordable housing components, are located within former Empire Zones or create or retain more than 500 jobs.
Click for Full ArticleNassau No. 1 in property taxes
Group ranks Nassau No. 1 in property taxes.
New analysis by the Tax Foundation, a nonpartisan group based in Washington, D.C., ranks Nassau tops nationwide in median home property taxes. The median amount paid on a Nassau house was $8,478 -- a few dollars higher than the amount paid in Westchester County, which ranked No. 2.
Click for Full ArticleSenior citizens property tax exemption
Senior citizens exemption
Local governments and school districts in New York State can opt to grant a reduction on the amount of property taxes paid by qualifying senior citizens. This is accomplished by reducing the taxable assessment the senior's home by as much as 50%.
Thousands of towns face budget squeeze in downturn's wake
Sean Mulvey, the newly appointed finance director for the town of East Greenbush, N.Y., is trying to solve a riddle facing cities and towns across the country.
Though property tax revenues in the Albany suburb have yet to recover from the worst housing collapse since the Great Depression, fixed expenses like long-term contracts, debt interest and pension costs are squeezing the town’s budget.
To make matters tougher, New York state recently enacted a law limiting tax increases by local governments and school districts to no more than 2 percent or the rate of inflation, whichever is less.
“Our reserve funds have been helping to take of care of some of the problem, but they’re starting to come to the point where we are looking to refresh them if possible,” said Mulvey. “If there’s a pot of gold around here, I’d love to have someone show it to me.”
Click for Full Article2013 Equalization Rates set by Suffolk towns
NYS ORPS, Office of Reap Property Services, has published the equalization rates set by Suffolk County towns. RAR Residential Assessment Ratio will be set by each town by the end of February 2013.
Superstorm Sandy victims to receive aid and higher taxes
Superstorm Sandy may have one more nasty surprise still to come: higher taxes.
The math is simple and cruel. The storm left fewer properties standing, often wrecking waterfront communities that paid the highest taxes because of the desirability of living near the water.
Click for Full Article2013 Sold Property Data available for Long Island.
2013 Sold Property databases available of Nassau County. Suffolk County files will be availabe by 1/15/13.
RAR issued
The towns of Suffolk county have issued their residential assessment ratios (RAR). Our system has been updated with the new ratios and is available to Suffolk homeowners.