Nassau County Department of Assessment
240 Old Country Road, Mineola, New York 11501 (516) 571-1500
| CURRENT PROPERTY OWNER 163 OCEAN AVE FREEPORT NY, 11520 |
55171 00070 TAX CLASS: 1 |
NOTICE OF TENTATIVE ASSESSED VALUE FOR THE 2026/2027 ASSESSMENT ROLL
|
Taxable Status/Valuation Date 1/2/2025 |
Taxable Status/Valuation Date 1/2/2024 |
Value Change From 1/2/2024 |
|
| Full Market Value: | 492,731 | 492,731 | -- |
| Level of Assessment: | 0.1% | 0.1% | -- |
| Tentative Assessed Value: | 493 | 493 | -- |
The Full Market Value figures shown do not take into consideration any potential changes in value being considered by the Assessment Review Commission (ARC), if the assessment is being grieved. Should ARC reduce the assessed value for this property, they will provide the owner or the owner’s representative with a written settlement.
You can help the Department of Assessment improve its valuation efforts by reviewing your property’s inventory on 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.
DEFINITIONS
- Full Market Value is the estimate of your property’s market value as of January 2, 2025.
- 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 2026-2027, the Class One Level of Assessment is 0.1% (.001).
- Tentative Assessed Value (TAV) is calculated using your property's Full Market Value multiplied by the current Level of Assessment. (Example: A Full Market Value of $500,000 multiplied by a LOA of .1% equals 500 in Tentative Assessed Value for tax year 2026-2027). This value may be capped in accordance with Section 1805 of the Real Property Tax Law.
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 2, 2025 and March 3, 2025. The application and a publication containing procedures for contesting an assessment can be obtained on-line at www.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 2, 2025.