What Affects the Value of Your Home? – Schroder & Strom, LLP



Have you checked the value of your home since COVID started? Click to read more.

https://www.nytaxreview.com/news/what-affects-the-value-of-your-home/

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What Affects the Value of Your Home?

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What is your Long Island home worth? You may think your Nassau or Suffolk County home is worth a million dollars or more. Perhaps a buyer or lender won’t agree. The local assessor may believe your Long Island home is worth more than you think it is worth. So, just how is the value of your home determined? First, there is the amount that the Nassau County or the Town Assessor in Suffolk thinks it’s worth – that is what your real property tax calculation is based upon. Then there is an appraiser’s opinion of value based on recent sales in the neighborhood (often called “comps”) and how much a willing buyer will pay in the current market. Are these the same values? Not likely — and if the Nassau County Assessor believes your home is worth more than the actual value, you should be grieving those taxes. https://www.nytaxreview.com/news/what-affects-the-value-of-your-home/
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Attorney Profile: Michael T. Schroder, Partner | Real Estate Tax Attorney • Schroder & Strom, LLP

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Michael Schroder was admitted to practice law in 1980, receiving his Juris Doctor from Cardozo Law School in 1979. From 1986 to 1999, he was a partner in a Garden City law firm that specialized in tax assessment litigation. He founded the law firm of Schroder & Strom, LLP in January, 2000. Michael has concentrated in tax assessment litigation since admission to practice, and his new firm concentrates in the same area of law. https://www.nytaxreview.com/property-tax-attorneys/michael-schroder/
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Attorney Profile: Michele A. Pincus, Of Counsel, Schroder & Strom, LLP

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Michele A. Pincus graduated from Emory University in 1983, and received her Juris Doctor from the National Law Center at George Washington University in 1986. Michele is admitted to practice in New York (1987) and Washington, D.C. (1988). She is also admitted to practice before the United States District Court for the Eastern and Southern Districts of New York and the Second Circuit Court of Appeals. Prior to joining the firm, Michele was a partner at a Uniondale firm where she concentrated her practice in the areas of zoning, land use, commercial litigation, municipal law, real estate, and employment law. She previously served as Associate General Counsel for the Long Island Power Authority (LIPA), where she handled municipal real property issues, zoning and land use, and other utility matters. https://www.nytaxreview.com/property-tax-attorneys/michele-pincus/
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