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/
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/
Nassau County Revaluation Update: Can a phase-in of assessments work in Nassau County? The real estate tax Law Firm of Schroder & Strom weighs in on tremendous risk to the financial stability of Nassau property owners. Nassau homeowners have received revaluation notices from David Moog, the County Assessor, advising that the value of their homes […] https://www.nytaxreview.com/news/nassau-county-revaluation-update-can-a-phase-in-of-assessments-work-in-nassau-county/
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