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…
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?
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
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.