Taxes for this Syosset home have gone up
Meanwhile, taxes for this home next door went down
Sound unusual? It’s not.
61% of Nassau property owners have appealed their property taxes and have typically seen decreases or modest increases.
While 39%have not challenged their taxes and have typically seen their tax bills soar.
Among those with tax bill cuts
were nearly 11,000 properties
the county valued at $1 MILLION+
WHY DOES THIS HAPPEN?
The county, schools, towns and other governments need to collect enough money to fund their budgets.
One way they do this is by collecting property taxes.
Nassau officials have settled nearly 700,000 assessment challenges since 2010.
This saved challengers an estimated $1.7 billion in taxes.
But to balance their budgets, governments had to raise tax rates, shifting the burden onto those who didn’t grieve.
Tax bills of the typical property owner who appealed went up just $466, while the bills of those who didn’t increased $2,748.
And nearly half of the estimated savings, $789 MILLION, went to owners of
$1 million+ properties.
HOW DID THIS AFFECT YOU?Read the Full Story
Reporter: Matt Clark Design: Anthony Carrozzo, Matthew Cassella Development: Jon Ingoglia Photos: Thomas A. Ferrara, Chuck Fadely Production: Tara Conry