Nassau County Department of Assessment
240 Old Country Road, Mineola, New York 11501 (516) 571-1500
| 693 PENINSULA BLVD HEMPSTEAD NY, 11550 |
PARID: 34 G 05870 TAX CLASS: 4 |
NOTICE OF TENTATIVE ASSESSED VALUE FOR THE 2023/2024 ASSESSMENT ROLL
Nassau County has paused property valuation updates due to continued instability of the real estate market. Therefore, unless you have received an assessment reduction, correction of error, physically altered an improvement or petitioned for a map change, this notice should reflect the same property assessment as the previous tax year, as former County Executive Laura Curran again froze property values for 2023-24 at the 2022-23 level. The new Blakeman Administration is examining the prior Administration’s reassessment and laws associated with its implementation to create a more fair, accurate and equitable system.
|
Taxable Status/Valuation Date 1/3/2022 * |
Taxable Status/Valuation Date 1/4/2021 |
Change From 1/4/2021 |
|
| Full Market Value: | $734,405 | $734,405 | +$0 |
| Level of Assessment: | 1% | 1% | -- |
| Tentative Assessed Value: | $7,344 | $7,344 | +$0 |
| Transitional Assessed Value: | $6,469 | $5,690 | +$779 |
DEFINITIONS
- Full Market Value is the estimate of the allocation of your property's market value as of January 4, 2021 because valuation updates have been paused, unless you have received an assessment reduction, correction of error, physically altered an improvement or petitioned for a map change. *
- Level of Assessment (LOA) is the percentage of Full Market Value at which properties are assessed as determined by the Department of Assessment. For tax year 2023-2024, the Class Four Level of Assessment is 1% (.01).
- Tentative Assessed Value (TAV) (TAV) is calculated using your property's Full Market Value multiplied by the current Level of Assessment. (Example: A Full Market Value of $1,000,000 multiplied by a LOA of .01 equals $10,000 in Tentative Assessed Value for tax year 2023-2024).
- Transitional Assessed Value will limit any increase in assessed value from the prior tax year (excluding new construction and renovations) for Class Two and Class Four properties. The increase will be phased in by equal amounts over a five-year period.
- You can help the Department of Assessment improve its valuation efforts by reviewing your property's inventory utilizing our Land Records Viewer at mynassauproperty.com and follow the link to "Property Search." Please inform us – in writing or on our website at askthecountyassessor.com – of any corrections that need to be made. Some inventory discrepancies may require an inspection of your home.
- You may, in writing, opt out of the requirement to receive a hard copy of this notice by mail. Please direct your preference to our website link at askthecountyassessor.com.
If you would like to challenge your assessment or property's classification or exemption status, you may file an “Application for Correction of Assessment” with the Assessment Review Commission between January 3, 2022 and March 1, 2022. The application and a publication containing procedures for contesting an assessment can be obtained on-line at nassaucountyny.gov/arc, in person at the Assessment Review Commission’s offices located at 240 Old Country Road on the 5th floor in Mineola, or by contacting ARC at (516) 571-3214 after January 3, 2022. The ARC’s hours of operation are from 9 A.M. to 4:30 P.M.