LAURA CURRAN
Nassau County Executive


DAVID F. MOOG, IAO
Nassau County Assessor
NASSAU COUNTY DEPARTMENT OF ASSESSMENT
240 Old Country Road
Mineola, New York 11501
Tax Impact Notice
PARCEL INFORMATION
CURRENT OWNER
83 ELDERFIELDS RD
MANHASSET, NY 11030
031390100670
83 ELDERFIELDS RD
MANHASSET, NY 11030
210 - One Family Year-Round Residence
1.01 Acres

Nassau County is completing a reassessment of all properties for the first time since the prior administration froze the assessment roll in 2011. The corrupted roll has nearly half of the County's taxpayers paying more than their fair share, in effect subsidizing the other half. To notify all residents of the tax impact of the reassessment on their properties, the County is issuing this notice. It provides a comparison of your share of Nassau County, town, special district and school district taxes (other than the Glen Cove City School District) for the most recently-completed tax year of 2017-2018 to a hypothetical application of those same taxes using your preliminary assessment for the 2020-2021 Tentative Assessment Roll. Additionally, to protect any homeowner from bearing too great a tax burden, the County has proposed at least a 5-year transition to new market values.

Hypothetical Tax Comparison including Taxpayer Protection Plan showing minimum 5-year Transitional Cap

2017-2018 Assessment 2017-2018 Actual Taxes
Market Value
Class One Level of Assessment
Assessment		 $738,800.00
.25%
$1,847.00		 2018 County
2018 Town and Special Districts
2017-18 School District
Total Taxes		 $3,695.34
$1,070.64
$10,505.09
$15,271.07


2020-2021 Preliminary Tentative Assessment		 Hypothetical Taxes
WITHOUT TRANSITIONAL CAP
Market Value
Class One Level of Assessment
Assessment		 $3,753,000.00
.10%
$1,957.00		 2018 County
2018 Town and Special Districts
2017-18 School District
Total Taxes*		 $5,725.73
$1,583.97
$15,147.52
$22,457.22



2020-2021 Preliminary Tentative Assessment		 Hypothetical Taxes
WITH MINIMUM 5-YEAR TRANSITIONAL CAP UNDER PROPOSED TAXPAYER PROTECTION PLAN
Market Value
Class One Level of Assessment
Assessment		 $3,753,000.00
.10%
$1,342.00		 2018 County
2018 Town and Special Districts
2017-18 School District
Total Taxes*		 $5,895.31
$1,679.67
$16,315.73
$23,890.71
*Your hypothetical taxes reflect any/all properties tax exemptions that you qualified for in 2017/18





Explanation of Terms


Market Value is the County Assessor's determination of the amount that a willing buyer would pay to a willing seller to purchase your property. The County Assessor has determined your property's preliminary market value for the 2020-2021 tentative assessment roll based on comparable property sales using a computer assisted mass appraisal model in accordance with legal requirements and applicable assessment standards.
Level of Assessment is the uniform percentage applied to the market value of all class one properties to calculate their assessments. The class one level of assessment for recent tax years prior to 2020-2021, including 2017-2018, was .25%. The County Assessor has set the class one level of assessment for the 2020-2021 tentative roll at .10% to ensure that the roll is accurate and defensible.
Assessment is the amount used to determine your property's share of Nassau County, town, special district and school district taxes (other than the Glen Cove City School District). Nassau County is not the assessing unit for city and village taxes. Your property's assessment is your property's market value multiplied by the level of assessment.
Preliminary Tentative Assessment is your property's assessment included in the assessment disclosure notice previously mailed to you. This is subject to change prior to being included on the 2020-2021 tentative assessment roll that will be published in January 2019. The 2020-2021 assessment roll including your property's assessment will become final in April 2020 and be used to determine your property's share of taxes for the 2020-2021 tax year.
Class one is the class of real property on the Nassau County assessment roll to which your property belongs in accordance with New York State Real Property Tax Law § 1852. It generally includes all one, two or three family buildings used primarily for residential purposes, with certain exceptions.
2017-2018 Actual Taxes states your property's share of taxes for the 2017-2018 tax year based on your property's assessment on the 2017-2018 assessment roll.
Hypothetical Taxes shows what your property's share of taxes for the 2017-2018 tax year would have been using your property's 2020-2021 Preliminary Tentative Assessment instead of your property's assessment on the 2017-2018 assessment roll.
Transitional Cap and Taxpayer Protection Plan To provide relief to homeowners, County Executive Laura Curran is implementing her Taxpayer Protection Plan with new transitional caps. She will be submitting draft legislation to New York State lawmakers that will provide necessary and appropriate protection for taxpayers from potential burdensome tax increases that could result from unfreezing the assessment roll and capturing new fair market property values throughout Nassau County.
The legislation would provide for at a least five-year transition that would properly balance the interests of residents. For residents with tax increases, the legislation would phase in the increase over at least five years. By working with the State Legislature, we will pursue even more taxpayer relief. Please note that for residents with tax decreases, the effect of the legislation would be to phase in the decease over the same period as well.
Further Information
You may view further information regarding your parcel online at the website mynassauproperty.com. For additional information regarding the reassessment, please visit the website askthecountyassessor.com. Also, you may ask specific questions about your parcel by clicking the Ask a Question tab on the website askthecountyassessor.com.
Now is the time to notify the Department of Assessment of any changes to your property. This will ensure the accuracy of your assessment when the County issues the 2020-2021 tentative assessment roll in January 2019.