Notice of Tentative Assessed Value for 2018/2019

	Valuation Date 1/2/2018	Valuation Date 1/2/2017	Change from 1/2/2017
Full Market Value:	$1,378,900	$1,378,900	+$0
Level of Assessment:	1%	1%
Tentative Assessed Value:	13789	13789	+0
Transitional Assessed Value:	13789	13040	+749

Transitional Assessed Value:

*The Transitional Assessed Value will be reduced by any exemption amount you qualify for each year.

The Full Market Value figure shown, as of 1/2/18, does not take into consideration any potential change in value that is currently being considered by the Assessment Review Commission (ARC).

You can help the Department of Assessment improve its valuation efforts by reviewing your property’s inventory utilizing our Land Records Viewer on-line at www.mynassauproperty.com and follow the link to “Property Search.” Please inform us – in writing – of any corrections that need to be made. Some inventory discrepancies may require an inspection of your home.

In 2014, Nassau County was authorized under NYS Real Property Tax Law to establish a Disputed Assessment Fund (DAF) for all Class 4 (Commercial) properties that formally challenged the value of their property. Please visit DAF’s frequently asked questions page at http://www.nassaucountyny.gov/DocumentCenter/View/16027 for further information.

Full Market Value is the estimate of your property’s market value as of January 2, 2018.
Transitional Assessed Value will reflect any increase in assessed value from the prior tax year (excluding new construction and renovations) for Class II and Class IV properties. The increase will be phased in by equal amounts over a five-year period. Class II includes apartments (buildings with four or more units), cooperatives, and high-rise condominiums (greater than 3 stories). The Transitional Assessed Value may decrease based on challenges to the current or prior assessment rolls.

SPECIAL NOTICE: Be advised that County Executive Laura Curran reversed the former administration’s decision not to provide a paper Notice of Tentative Assessed Value for the 2020-21 tax year and directed the Department of Assessment to continue to mail its annual Notice of Tentative Assessed Value to all property owners.

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 (ARC) between January 2, 2018 and March 1, 2018. The application is available and can be obtained on-line at www.nassaucountyny.gov/arc, in person at the Department of Assessment’s office located at 240 Old Country Road in Mineola, or by contacting ARC at (516) 571-3214 after January 2, 2018. The Department of Assessment’s hours of operation are from 8 A.M. to 4:45 P.M.