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.
Hypothetical Tax Comparison
| 2017-2018 Assessment |
2017-2018 Actual Taxes |
Market Value
Level of Assessment
Assessment
Transition Assessment |
$585,000.00
1%
$5,850.00
$5,850.00 |
2018 County
2018 Town and Special Districts
2017-18 School District
Total Taxes |
$5,522.98
$1,989.59
$39,390.68
$46,903.25 |
| 2020-2021 Preliminary Tentative Assessment |
Hypothetical Taxes |
Market Value
Level of Assessment
Preliminary Tentative Assessment
Preliminary Tentative Transition Assessment |
$812,150.00
1%
$8,122.00
$6,134.00 |
County
Town and Special Districts
2017-18 School District
Total Taxes |
$4,743.86
1,746.04
$32,435.12
$38,925.02 |
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 in accordance with legal requirements and applicable assessment standards.
Level of Assessment is the uniform percentage applied to the market value of all properties in the same class to calculate their assessments. The County Assessor has maintained the level of assessment for classes two, three and four for the 2020-2021 tentative roll at 1% 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 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.
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.
Transition Assessment is your property's assessment or preliminary tentative assessment as limited by the transition provisions of New York Real Property Tax Law § 1805(3).
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.
Further Information
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.
