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New York Property Tax Monitor Property taxation, assessment, valuation by local governments throughout New York State

Tag Archives: property tax

Highest Court Strikes Down Nassau County’s Attempt to Shift Obligation to Pay Tax Refunds

Posted in Court Decisions, Property Tax Laws, Property Tax News, Property Tax Trends, Tax Appeals

Nassau County was dealt a decisive blow to its financial prospects on February 18 when the State’s highest court held that it had exceeded its constitutional authority in attempting to shirk its obligation to pay tax refunds — estimated at some $450 million — by shifting the duty to individual taxing districts. In a 29-page… Continue Reading

New York City Property Tax Evaders Under Scrutiny

Posted in Property Tax News, Property Tax Trends

Everything is bigger in New York City.  Some one million property owners paid $17 billion in real estate taxes last year.  Of those owners, 184,000 thought they were unfairly assessed and appealed the City’s valuation, resulting in about $500 million in tax refunds granted at the administrative level alone.  But, the City’s property tax system… Continue Reading

Avoiding Property Taxes in New York: Exemptions and Abatements in the News

Posted in Court Decisions, Property Tax Exemptions, Property Tax News, Property Tax Trends

Property taxes throughout New York State may be among the highest in the nation, but there is no shortage of properties that escape taxation.  Legally.  And in a sign of the times, exemptions, abatements and creative (and often controversial) agreements to take properties off the tax rolls are in high demand. A recent post to… Continue Reading

Westchester Property Taxes High, But Credit is Better Than Other Suburban Counties

Posted in Property Tax News, Property Tax Trends

Westchester County property owners may place astronomically high property taxes on their short-list of complaints, but they also have property taxes to thank for the County’s triple-A credit rating according to one source.   In comparison to neighboring, wealthy suburban counties such as Rockland, Nassau and Suffolk, all of which depend on Wall Street to fuel… Continue Reading

New York’s Apartment Renters Pay More Taxes Than Owners

Posted in Property Tax News, Property Tax Trends

Renters in New York City’s large apartment buildings pay far more in property taxes than homeowners. They also disproportionately shoulder the total City property tax burden, according to a report recently released by The Furman Center. How could it be, one might ask, that renters would pay property taxes at all? They don’t, at least… Continue Reading