Cold Spring Harbor, NY
April 19, 2019
Nassau County is in the midst of its first countywide reassessment in nearly a decade, and our real estate advisors are on the front lines of the change, helping home buyers and sellers understand the new property values and direct them to the process for challenging them,” explained Mrs. O’Connell. “We want our licensed real estate advisors to have a comfortable knowledge of this important change.”
Close to 100 Daniel Gale Sotheby’s International Realty real estate advisors attended the seminar to listen to the County Executive and raise questions about assessed values and senior exemptions with assessment department officials.
Last year, County Executive Curran ordered the countywide reassessment, which affects more than 400,000 commercial and residential properties. The reassessment was necessary, county officials said, to restore accuracy to the tax rolls. According to county data, the reassessment is expected to produce tax increases for 52 percent of homeowners and reductions for the other 48 percent.
“During my campaign, I promised to fix the broken and inherently unfair assessment system and restore accuracy to our assessment rolls,” said County Executive Curran. “This was a valuable opportunity to speak with the knowledgeable professionals who engage with local homebuyers every day, and to dispel misconceptions and discuss the real-world impacts of the reassessment. I’ve made it a priority to secure my Taxpayer Protection Plan to smooth out the impact of the reassessment over a period of five years. I’m pleased to share that New York State passed the 2019-2020 Budget, which includes that plan.