Nassau property values rise on new assessment roll

Full story: Newsday 278
The economic news is gloomy: House sales and prices are down. Retail sales are off, and some economists say a recession is imminent if not already here. Full Story
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laughable

Charleston, SC

#275 Jun 10, 2008
Fed Up wrote:
<quoted text>
They're renting out parts of their homes to keep up with the unfair tax burden! Do you really think people ENJOY sharing their home with strangers? Greed? I think not!
Of course its greed, sell th house adn spare your neighbors the overburdened schools, the lack of parking and increased local traffic. But it is also a demonstration of that wonderful Long Island Motto: "F**k you, I got mine, go scratch."
Fed Up

Brooklyn, NY

#276 Jun 10, 2008
Gay Ramone wrote:
REMEMBER PEOPLE
The assesed value of your home cannot increase by more than 20% over 5 years.
That is the law
And do not used those moron tax services, you are paying 50% of your refund for some clown to fill out a 1 page form.
How many people say their assessed value has increased over 20% in the last five years. I have researched many houses on the NC tax roll and have found numerous instances where they raised it far more than 20% over that period. The problem, nobody complains enough! Houses have gone up 300% in some areas over the past ten years and are indeed being valued at that markup. How is that mathematically possible if the assessment can only go up 40% at most during that ten year time span?
Nassau Nell

Albany, NY

#277 Jun 10, 2008
It is a big political scam:
If assessed values go DOWN (as they should), then Suozzi and the Democratic majority in the County Legislature must RAISE THE COUNTY TAX RATE, to bring in the same county tax money--the year before they run for re-election!
By raising values, Levinson is protecting them from having to raise tax rates the year before they all run for re-election--of course Levinson looks foolish--but he said he's retiring and not running for re-election!

This is why having a County Executive, County Legislature, Comptroller and assessor in the same political party is dangerous to the taxpayer--no checks and balances!!

Of course NEWSDAY will never look into this, as they would a Republican administration!!
Fed Up

Brooklyn, NY

#278 Jun 10, 2008
Massapequa Homeowner wrote:
<quoted text> I hired a professional licensed Real Estate appraiser who used 5 sales in my neighborhood which were all similar in style, condition and proximity. He researched listings, under contracts and closed sales.
Even if the county reduces the assessed valuation on all properties they will only increase the rate by which your taxed.
This is not an acceptable solution. It is no solution at all. The taxes MUST GO DOWN to levels where people can comfortably pay them or LI will turn into a ghetto in no time. Do you really think middle income taxpayers will continue to live here if it means becoming low income taxpayers all because of taxes and overpriced housing?
Fed Up

Brooklyn, NY

#279 Jun 10, 2008
Spare Me wrote:
<quoted text>Actually if you go on the County website, you can find recent sales in your neighborhood. Problem is...nothing much is selling. I already filed my grievence. Such greedy bastards raising the assessments by the max on everyone in this delcining market is going to flood the county with greievences.
Be cautious when determining "recent sales." Newsday is reporting recent sales when it was really the bank taking back the property. They are using the loan balance as the "recent sale price." Obviously, this is going to be a huge problem and obstacle to getting back to basics.
Fed Up

Brooklyn, NY

#280 Jun 10, 2008
CCCC wrote:
<quoted text>
Please tell me you are not this stupid.You are the reason I am sure to look both ways at stop signs.Maybe you should take a real estate coarse , or read a book or 2 before you comment. If you had any idear how dumb you sounded you would never open your mouth.
"coarse???" no COURSE
"idear???" no IDEA
who's dumb?
Do you even have a point?
Fed Up

Brooklyn, NY

#281 Jun 10, 2008
Life Long Islander wrote:
Truth be told, Long Island houses will soar in value in 10 years. Right now the real estate market is flat, not too much demand, yet plenty of supply. This will change in the upcoming years as NYC's growth as a world financil hub grows. It's projected that by the year 2020, NYC's population will reach 10 million. Folks come to the Metro region for jobs. This influx into our region will continue. Right now it's only the calm before the storm of resurging home values. Don't sell now, be patient and you'll be surprised by how much your house will be worth 10 years from now.
None of that will EVER happen. Real Estate prices will continue to seek their level, incomes will remain stagnant, and a recession will engulf us. High energy and gas prices will continue. You must be one of those REALTWHORES.
Fed Up

Brooklyn, NY

#282 Jun 10, 2008
NOTHING TO CUT wrote:
Everyone is screaming that Nassau County has to trim the fat. You know what Suozzi and his pals are going to say right? They will use the scare tactic. they won't cut salaries----THEY JUST VOTED THEMSELVES A RAISE!---- They will cry to the bleeding heart Liberals that voted them back in about slashing social programs for the poor and disadvantaged, illegals, housing, public assistance ect.
I cant even get a street sweeper down my block anymore (used to be a regular thing) much less the grass cut on county property without picking up the phone and raising Cain!
You know what I was told 2 years ago when I complained that the grass had reached close to 2 feet high and it needed to be cut?
I was told that the county ' didnt have enough money" to do it!!!
Plenty of money for fat, undeserved raises.
plenty of money to rehab the county courthaouse( with flat screen tv's)
Plenty of money to fast track career criminals/drug dealers for housing and education
They will keep this system going for as long as possible--till there are 15 people living in every house to pay the taxes/mortgage while the island steadily loses it's middle class base.
Shame on all of them
It's not just the middle class who will abandon this wretched island, the upper class will tire of shouldering the burden as well at some point. LI is doomed!
Fed Up

Brooklyn, NY

#283 Jun 10, 2008
Betsy Westbury wrote:
My home is not worth the amount that it is appraised for. I have won grievances only to have the taxes jump the following year. We are stuck in a vicious cycle. Our taxes are too high. I am paying for all civil service employees benefits for life. I have no pension plan and when my husband retires we will have to live on our savings and some Soc. Sec. Yet I will have to pay for government employees and special interest peoples benefits while I get nothing . If I can't pay the County can take my home away.
But, even mention to someone about cutting back on some of the services and you take your life into your own hands. PEOPLE WAKE UP!!! Stop pointing your finger at Republicans or Democrats. They will only reflect the stupidity that already exist in the unrealistic expectations of local citizens. The bigger the government gets, the more services they provide and the more they employ will only feed the spiraling effect of higher taxes.
If the county starts stealing homes from the residents, it will be time for a torch party. They may take a few, but when they are all worthless and charred, they will think again.
Fed Up

Brooklyn, NY

#284 Jun 10, 2008
who voted Democrat wrote:
So, out of all of us that are angry, disenfranchised, desperate and more than a little concerned on this site, how many of you voted these bums back into office just a short time ago? How many of you ---knew--- that they were holding funds aside for their criminal raises and still voted for them? How many --knew-- about the abuse of County vehicles (remember the ice storm and the police tow truck last year?>) and still voted them in. How many ---knew-- about Levinson earning a fat pension, quitting and be rehired the next minute to continue to double dip?
How many of you ---knew-- that the tax assessment system was inherently flawed and would only get worse yet, you still voted them back in???
---The Democrats won by decently large margins.
They will continue to screw the taxpayer/voters year after year because they know we have the attention span of a 2 year old.
If they guilty parties all had heart attacks or something and dropped dead they would discontinue their benefits and we could save some money.
Fed Up

Brooklyn, NY

#285 Jun 11, 2008
laughable wrote:
<quoted text>
Of course its greed, sell th house adn spare your neighbors the overburdened schools, the lack of parking and increased local traffic. But it is also a demonstration of that wonderful Long Island Motto: "F**k you, I got mine, go scratch."
What makes you think every renter has children? There are three in the surrounding area where I live and NONE OF THEM (all caucasian) can afford children! We are refusing to bring children into a world that cannot possibly survive at this rate on any decent level. You're an absolute asshole!
Fed Up

Brooklyn, NY

#286 Jun 11, 2008
Nassau Nell wrote:
It is a big political scam:
If assessed values go DOWN (as they should), then Suozzi and the Democratic majority in the County Legislature must RAISE THE COUNTY TAX RATE, to bring in the same county tax money--the year before they run for re-election!
By raising values, Levinson is protecting them from having to raise tax rates the year before they all run for re-election--of course Levinson looks foolish--but he said he's retiring and not running for re-election!
This is why having a County Executive, County Legislature, Comptroller and assessor in the same political party is dangerous to the taxpayer--no checks and balances!!
Of course NEWSDAY will never look into this, as they would a Republican administration!!
ARe you brain dead? They MUST REDUCE SPENDING, SALARIES, PERKS, ETC. in order to save Long Island from becoming a wasteland. Perhaps the state or federal government will need to intervene eventually.
Fed Up

Brooklyn, NY

#287 Jun 11, 2008
It is only a matter of time before LI becomes a slum.
glo

Flushing, NY

#288 Jun 24, 2008
Harvey Levinson is the only one with a backbone out of all our elected officals. He wants to implement an income tax for the schools instead of a real estate tax that just targets homeowners. 50% of people living in some communities in Nassau are renters, and they do not pay a school real estate tax. Lets get with it and implement an income tax and share the burden. Sixty percent of your real estate taxes are for the schools. When are nthey going to give us a beak, when we all leave and they have no one to teach./QUOTE]
Tom in Garden City PARK

Freeport, NY

#289 Sep 9, 2008
Well as of 9/9/08 looks like gloom and doom means Suozzi now wants to raise county taxes too by at least 3.9 percent.That is on top of paying the schools to have teachers and administrators get whatever they want too each year even if its a few percent.Salaries along with pensions and social security dont go up that much if at all!

Does everyone really drink enough kool aid to believe the kids are getting the benefit?

How about paying for your own kids like my parents did! Even better not having kids if you cannot pay for them yourself!

So pay school people more mind you they dont work a full year anyway! Now pay the cops more to sleep in the firehouses when they work 145 days a year too for over 120 grand!

Does anyone really think this garbage will change?

People are really stupid in long island in the end I am bailing out and who cares what the population allows in my view! Enough is enough!In 5 years or less you wont be able to give your house away!
Some Things never Change

United States

#290 Mar 3, 2009
February 7, 2002
Suozzi Names 9 to Review Tax System In Nassau

By BRUCE LAMBERT
Nassau's new county executive named nine people today to take over and revamp the tax-assessment review agency, which has been accused of ineptitude and favoritism.

''We are reforming the entire process,'' said County Executive Thomas R. Suozzi as he introduced his appointees to the Assessment Review Commission at a news conference here.

Two weeks ago he removed the incumbents after Newsday reported that they had resolved few cases and granted refunds to applicants with political and personal connections.

Today, he said that the board, which was entirely part-time, with salaries of $41,000, would now include five full-time members, with salaries ranging from $60,000 to $125,000. Pay for the four part-timers will be $20,000.

The nominees are subject to confirmation by the County Legislature, which is controlled by Mr. Suozzi's party, the Democrats. One legislator, David Denenberg, said that the legislature had been frustrated in seeking changes under the prior county executive, Thomas S. Gulotta, a Republican.''Now we have a partner,'' Mr. Denenberg said.

Nassau's flawed property-tax system is the biggest of the county's many fiscal problems, Mr. Suozzi said. Its procedures are considered to be the most archaic in the nation, with residential assessments based on 1938 construction costs and commercial land last assessed in 1986. Changing market values have made the assessments obsolete, causing many disparities.

Thousands of owners have clogged the courts with grievances and won refunds approaching a total of $1 billion, sending county debt skyward. Nassau finally agreed to reassess, but pending claims could cost up to $700 million.

The assessment review agency can settle such cases early, avoiding multiyear refunds and 9 percent interest changes.

''I want to make this commission the most attractive and efficient place to solve these problems,'' Mr. Suozzi said.

The proposed new chairman, Glenn Borin, former chief of the property division in the New York City Finance Department, will be paid $125,000. The vice chairman, Kevin O'Donnell, former vice president and chief appraisal manager of Dime Savings Bank, will be paid $110,000.

The salary for the other full-time commissioners will be $60,000 each. They are Joseph Abbondandolo, an assistant vice president at Lehman Brothers; Ray Hawkins, an assessment specialist for a private company, and Dolores Sedacca, a North Hempstead Town official and former real estate broker.
C Andrews

Fort Lauderdale, FL

#291 Jun 27, 2009
Home values were overinflated, get over it already...everyone was looking for a quick buck with flipping houses and selling them, investing in properties in the hope of a quick profit...perhaps did anyone think this is what happened to the housing market?
Then to boot you want the Town to lower the taxes on your houses? It cost money for all the services we take advantage of and not even think of. Everything cost money to run, operate, salaries...its just not expensive for us...but the town that supplies us with clean water, police to protect us, streets that give us light at night, county employees that shovel our roads in the worse of storms...I think you get the drift.
Big Moe 33

Wake Forest, NC

#293 Jun 27, 2009
Feel sorry for all of you who didn't bail out of LI years ago.

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