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June 26, 2008
Real Estate Tax
I just got the real estate tax bill for my store. There's an increase of over 75% from last year, not that last year was cheap. I think they are over-valuing the property. Does anyone have a suggestion for handling this through the Department of Finance? Anyone done this who would be willing to share their timetable and outcome?
Comments
There's a process called certiorari where tax-payers can formally contest the assessment, which can often lead to an abatement. I've no idea as to the details, only that my co-op does it every year and it saves us money, despite the legal costs. Ask a real estate lawyer.
Posted by: jb312 at June 26, 2008 6:31 PM
My property tax went up about 1700 dollars from last year. I wrote to the Dept of Finance and they told me it was too late to contest. The deadline was in March. However this increase was not in the yearly statement I got in January. They are supposed to let you know in advance what the increase will be. I am still in the process of working it out
Posted by: guest at June 26, 2008 9:38 PM
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