Author: property tax agency
-
Subsidizing Your New Neighbors’ Property Taxes
People often talk about property tax grievances as shifting tax responsibility onto your neighbors, and there is a core truth to this statement. As the NYSORPTS themselves have pointed out, “Taxes are a zero sum game ‐ what one property owner doesn’t pay will be picked up by someone else” I would contend that a…
-
Invitations Are Rolling Out
Following the announcement of this year’s Residential Assessment Ratios, we have analyzed and determined the best strategies for what has been an interesting year, numbers‐wise. 2024 By the Numbers In our main analysis region, more than 5,000 transactions that met our criteria were analyzed: Areas of Interest This year, we are almost entirely focused on the…
-
2024 Suffolk Towns RAR’s
These are Residential Assessment Ratios, the percentage of market value that makes your assessed value. To determine an assessed value for a property, you multiply the market value by this percentage, that is your assessment. You can also reverse the calculation – to determine the assessed market value, you would divide the assessed value by…
-
Suffolk County Proposed Foundation Aid Cuts
Below is a table listing the top 20 Suffolk County School Districts, ranked by the percentage of Foundation Aid proposed change in the Executive Budget. Top 20 School Districts Proposed Cuts by Percentage School District Change % Change $ Fire Island -45% -$100,347 Fishers Island -43% -$76,562 Port Jefferson -41% -$1,282,733 Quogue -41% -$94,867 Oysterponds…
-
Three Village Schools
There is quite a lot of news in the Three Village School District from a Property Tax perspective. What do your neighbors know that you don’t? Over the last 3 years, Three Village has – by far – seen the greatest number of granted Assessment reductions in the Town of Brookhaven. In fact, in each…