Real estate crisis may lower your pro...

Real estate crisis may lower your property tax bill

There are 86 comments on the Newsday story from Jan 29, 2009, titled Real estate crisis may lower your property tax bill. In it, Newsday reports that:

Experts save homeowners can grieve their assessments and maybe, get some relief.

Join the discussion below, or Read more at Newsday.

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Pfluger the Union Monkey

Needham, MA

#1 Jan 29, 2009
Don't challenge your assessments. In fact, pay a little bit more to help ease the financial crisis. "Step up to the plate" as Joe Biden said.

Kick in a few thousand extra when the property tax bill arrives. Either send in a check, or instruct your mortgage servicer to add $2000 to each semiannual property tax payment.

If everyone invests a few dollars more, the union workers can get the raises they deserve and services to illegal immigrants can be expanded.
KirkHere

Long Island City, NY

#2 Jan 29, 2009
What a totally non sensical story written here today by Newsday. It was Newsday that ran the series about the patronage Special Districts! So why all,mo0f a sudden the new avenue of explanation?

If any of Newsday's reporters had read the 2010 assessment notices they would have notriced that in big bold letters on the back of the form (IN THE GREEN BOX) you are advised that although your Fair Market Value is being reduced by tens of thousands of dollars YOUR TAXES WILL NOT BE REDUCED THE SCHOOLS, TOWNS AND COUNTY STILL HAVE TO PAY THEIR BILLS.

Quoted from the4 Green Boix portion of the 2010 assessment notices.

"UNFORTUNATELY, just because the assessed value of your home goes down, IT DOES NOT MEAN that your tax bill will go down.
How much government collects in taxes is BASED UPON WHAT IT SPENDS.
How much YOU PAY is based upon how much YOUR ASSESSED VALUE is as a percentage of the total assessed value of all properties.
That is why accurate assessments are so important"

In other words they will increase your property and school tax rates by 20/30% in 2010 and completely ignore the drop in property values.

Then of course they state that it is all the schools fault taxes are so high. 62.7% of your tax bill.(See graph) Then they totally insult every homeowner by stating:

"County taxes are now the smallest piece of the property tax pie. Because the county had not increased property taxes FOR FIVE CONSECUTIVE YEARS, the County portion of your property tax bill decreased from 22.7% of your total bill in 2002 to 17.3% today.

Your Nassau Legislature just rammed three consecutiove 6% property tax assessment increases down your throat in the past three years and ALL tax bills skyrocketed. So their disclaimer that they have not raised property tax rates is as bogus as a $3.00 bill. They din't have to vote higher rates they had the 18% in assessed value increases! So now they are laying the groundwork that when they hit us all withy 20/30% tax rate increases in 2010 they will claim it is to make up for the 5 years of no rate increases.

We are also all supposed to be stupid and not remember the huge increases in Special District taxes the Towns kept passing.

It's a shell game folks! IT IS A COMPLETELY UNNECESSARY 3 TIER GOVERNMENT SYSTEM WE LIVE UNDER.

Solution? Eliminate TWO TIERS. The County (Along with the State Legislature) consolidates the patronage laden Special Districts and School Districts under a County wide Civil Service System and eliminates the political clubs, school administrators and their lawyers that really control your tax bill to the tune of 82.7%..

Realist

Brooklyn, NY

#3 Jan 29, 2009
Realize that lowering your assessment will not change your taxes if everyone's assessed valuation goes down at the same time by the same rate (ala the letters we're receiving in the mail). In this case the tax rate goes up to achieve the dollar amount that they (school districts etc..) want.
Your taxes will go down only if your assessment is lowered relative to other houses in your district.

The real key to lowering our taxes is to cut the runaway spending spree that these money junkies have been on.
cjd

Bronx, NY

#4 Jan 29, 2009
KirkHere wrote:
What a totally non sensical story written here today by Newsday. It was Newsday that ran the series about the patronage Special Districts! So why all,mo0f a sudden the new avenue of explanation?
If any of Newsday's reporters had read the 2010 assessment notices they would have notriced that in big bold letters on the back of the form (IN THE GREEN BOX) you are advised that although your Fair Market Value is being reduced by tens of thousands of dollars YOUR TAXES WILL NOT BE REDUCED THE SCHOOLS, TOWNS AND COUNTY STILL HAVE TO PAY THEIR BILLS.
Quoted from the4 Green Boix portion of the 2010 assessment notices.
"UNFORTUNATELY, just because the assessed value of your home goes down, IT DOES NOT MEAN that your tax bill will go down.
How much government collects in taxes is BASED UPON WHAT IT SPENDS.
How much YOU PAY is based upon how much YOUR ASSESSED VALUE is as a percentage of the total assessed value of all properties.
That is why accurate assessments are so important"
In other words they will increase your property and school tax rates by 20/30% in 2010 and completely ignore the drop in property values.
Then of course they state that it is all the schools fault taxes are so high. 62.7% of your tax bill.(See graph) Then they totally insult every homeowner by stating:
"County taxes are now the smallest piece of the property tax pie. Because the county had not increased property taxes FOR FIVE CONSECUTIVE YEARS, the County portion of your property tax bill decreased from 22.7% of your total bill in 2002 to 17.3% today.
Your Nassau Legislature just rammed three consecutiove 6% property tax assessment increases down your throat in the past three years and ALL tax bills skyrocketed. So their disclaimer that they have not raised property tax rates is as bogus as a $3.00 bill. They din't have to vote higher rates they had the 18% in assessed value increases! So now they are laying the groundwork that when they hit us all withy 20/30% tax rate increases in 2010 they will claim it is to make up for the 5 years of no rate increases.
We are also all supposed to be stupid and not remember the huge increases in Special District taxes the Towns kept passing.
It's a shell game folks! IT IS A COMPLETELY UNNECESSARY 3 TIER GOVERNMENT SYSTEM WE LIVE UNDER.
Solution? Eliminate TWO TIERS. The County (Along with the State Legislature) consolidates the patronage laden Special Districts and School Districts under a County wide Civil Service System and eliminates the political clubs, school administrators and their lawyers that really control your tax bill to the tune of 82.7%..
looks like someone needs a mental re-assessment...lol
jjb42974

New Canaan, CT

#5 Jan 29, 2009
Just making sure - if your house has been assessed much lower than last year shouldn't your taxes automatically be lower without having to do anything?
TaxManTony

Wantagh, NY

#6 Jan 29, 2009
Just remember, for every dollar that you reduce your taxes, everybody else (including you) will have to make up the difference. Increases or decreases to you assessment DO NOT raise or lower your bill. It is a zero-sum gain. School districts don't give a rat's patootie what your assessment is; they will still get their money. The assessment ONLY DECIDES what percentage of the pie YOU pay. If you reduce your assessment and it results in a $1000 tax decrease for you, that $1000 is then made up by everyone else. The only way to reduce OVERALL taxes to everybody is to either lower spending or to get Albany to give you more money. Anything else is just rearranging deck chairs on the Titanic...
taxes

Valley Stream, NY

#7 Jan 29, 2009
I grieved last year, STILL waiting for an answer of course as the backlog was 30,000 last I had heard.

Of course as is obvious the county has not reduced spending, so they still NEED the same tax dollars, they just may shift around who pays it. So, again I will file a grievance if for the only reason to say 'f' you to the county.

It's a broken system, with a lack of a real buget and out of control spending at the county and town/village level. The county claims their tax is the lowest of your tax bill, but does not mention how the county sales tax is where the 'real' money comes from. So by them saying it is the lowest portion of that particular tax, while correct, leaves out they screw you somehwere else.

When you get a chance, thank a teacher or a police officer, after all those are the 2 highest costs of our tax bills and they are guaranteed a raise this year and next while everyone else has a pay freeze.

Great system.
taxes

Valley Stream, NY

#8 Jan 29, 2009
jjb42974 wrote:
Just making sure - if your house has been assessed much lower than last year shouldn't your taxes automatically be lower without having to do anything?
Absolutetely NOT, it's a shell game. THEY STILL GET AT LEAST the money they took last year and regardless of your assessment going DOWN, they still need that same money. So, they have to raise the tax rate so they get it.

The only way that maybe you personally can lower taxes is if you grieve and you win, they lower your taxes, but of course, then someone else makes it up somewhere else in the proverbial deck of cards.

They could value your house at $500, so long as everyone else was lowered at the same %, they still will, in theory, get every last dime they want out of you.
Fran

Valhalla, NY

#9 Jan 29, 2009
Might have a shot at lower your tax bill?
You got a better chance of seeing Jesus!
Loyal Democrat

Wantagh, NY

#10 Jan 29, 2009
Hopefully, Americans are beginning to understand that Governments, by their very nature, are corrupt.

Thus, governments will generally make financial decisions based upon what is good for Government, not what is good for you.

Over the next few months, you will understand what I mean.
TaxManTony

Wantagh, NY

#11 Jan 29, 2009
jjb42974 wrote:
Just making sure - if your house has been assessed much lower than last year shouldn't your taxes automatically be lower without having to do anything?
Here is the best way to answer that question: If EVERYBODY in Nassau County had their assessments cut by 50%, does that mean that the schools get 50% less money and the teachers would get paid half? I hope that helps...
Fran

Valhalla, NY

#12 Jan 29, 2009
What a joke!
They wonder why people are leaving LI
we pay for everyone. I love all these politicians for NY talking about relief and all they talk about is New York City...HELLO LI is part of NY!
If they are not going to help us out then let LI become it's own State!
Pfluger the Union Monkey

Needham, MA

#13 Jan 29, 2009
TaxManTony wrote:
Just remember, for every dollar that you reduce your taxes, everybody else (including you) will have to make up the difference. Increases or decreases to you assessment DO NOT raise or lower your bill. It is a zero-sum gain. School districts don't give a rat's patootie what your assessment is; they will still get their money. The assessment ONLY DECIDES what percentage of the pie YOU pay. If you reduce your assessment and it results in a $1000 tax decrease for you, that $1000 is then made up by everyone else. The only way to reduce OVERALL taxes to everybody is to either lower spending or to get Albany to give you more money. Anything else is just rearranging deck chairs on the Titanic...
TaxManTony is 100% correct. The expenditure budget the county and school districts pass each year is not dependent on what the AV of the taxing jurisdiction is. If you pay $500 less, someone else pays $500 more.

Your AV just determines your percentage of the total tax levy, which goes up every single year as expenses continue their uncontrolled growth.
Publius

Baldwin, NY

#14 Jan 29, 2009
Long Islanders get this into your head - you will be begging for pennies back for the rest of your life if 30% of do-nothing County and Town Employees are not laid off - and if the schools and ridiculous teacher pay are not brought under control.

That is it. It is the elephant crushing all of us under 7 -10 thousand dollars a year in property taxes.

A Long Island household making $80,000 a year - after federal, social security, medicare, ny state income tax, sales tax, proerty tax, and fees and surcharges on all kinds of bills and services - pays over 60% of their Gross Pay to government.

The least we can do is get our neighbors in governement and teaching to get their hands out of our pockets.

Wake up and smell the taxman.
TaxManTony

Wantagh, NY

#15 Jan 29, 2009
Pfluger the Union Monkey wrote:
<quoted text>
TaxManTony is 100% correct. The expenditure budget the county and school districts pass each year is not dependent on what the AV of the taxing jurisdiction is. If you pay $500 less, someone else pays $500 more.
Your AV just determines your percentage of the total tax levy, which goes up every single year as expenses continue their uncontrolled growth.
I knew when I read your first comment that you were a BRILLIANT person!
Tax Boy

Jackson, NJ

#17 Jan 29, 2009
I have successfully challenged and
reduced my taxes every year for the
past twelve years. True, it isn't much but even saving a few hundred
every year is nice. I pay the lowest
taxes on my block and I am proud of
that. Truth is, anyone can do it.
It is a simple online form that a moron can complete. Now for the bad
side: School taxes can not be challenged. Every time you vote yes
on that school budget you are killing
your tax bill. Try voting no for once. Your schools will not fall apart.
what the

Hicksville, NY

#18 Jan 29, 2009
TaxManTony wrote:
Just remember, for every dollar that you reduce your taxes, everybody else (including you) will have to make up the difference. Increases or decreases to you assessment DO NOT raise or lower your bill. It is a zero-sum gain. School districts don't give a rat's patootie what your assessment is; they will still get their money. The assessment ONLY DECIDES what percentage of the pie YOU pay. If you reduce your assessment and it results in a $1000 tax decrease for you, that $1000 is then made up by everyone else. The only way to reduce OVERALL taxes to everybody is to either lower spending or to get Albany to give you more money. Anything else is just rearranging deck chairs on the Titanic...
The last two sentences make NO sense.. where do you think Albany gets its money? You have taken a seat( deck chair) without
the music stopping or a good answer!
MCE

Somers, NY

#19 Jan 29, 2009
New York spends entirely TOO MUCH on education. I put my kids through private school and still had to pay school taxes so other kids could have a gazillion unnecessary "programs." Yes, even ILLEGAL kids got more benefits than my own children, and that on MY DOLLAR. Anything extra my children received (music lessons, trips, etc.) came out of MY POCKET, not the other taxpayers. I say trash all the junk and get back to reading, writing, and arithmetic. Then, LOWER the taxes so Mom can be there for her children after school because she doesn't have to work to pay all the high taxes so her kids can have all the school programs, etc., etc.
what the

Hicksville, NY

#20 Jan 29, 2009
Publius wrote:
Long Islanders get this into your head - you will be begging for pennies back for the rest of your life if 30% of do-nothing County and Town Employees are not laid off - and if the schools and ridiculous teacher pay are not brought under control.
That is it. It is the elephant crushing all of us under 7 -10 thousand dollars a year in property taxes.
A Long Island household making $80,000 a year - after federal, social security, medicare, ny state income tax, sales tax, proerty tax, and fees and surcharges on all kinds of bills and services - pays over 60% of their Gross Pay to government.
The least we can do is get our neighbors in governement and teaching to get their hands out of our pockets.
Wake up and smell the taxman.
What makes you think that the Big Bad Government employees are exempt from the same tax bills you bit ch about
what the

Hicksville, NY

#21 Jan 29, 2009
Loyal Democrat wrote:
Hopefully, Americans are beginning to understand that Governments, by their very nature, are corrupt.
Thus, governments will generally make financial decisions based upon what is good for Government, not what is good for you.
Over the next few months, you will understand what I mean.
HOG WASH ! Do the oil suppliers, car dealers, stock brokers or any other business make decision that are for the overall good of the people? Folks stop asking the government to wipe your nose at every turn and then we can truly bring government down to size and affordibility

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