Nassau County Executive
Nassau County Assessor
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LAURA CURRAN Nassau County Executive |
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DAVID F. MOOG, IAO Nassau County Assessor |
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CURRENT OWNER |
PARCEL INFORMATION
31 J 06100DOSORIS LN GLEN COVE, NY 11542 Foreign Government 36 Acres |
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1
2020-21 Market Value $6,248,000.00 |
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Current 2019 County Taxes (City and School Taxes are determined by the City of Glen Cove) |
$0.00 | 2 | |
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Hypothetical 2020-21 Taxes with the Taxpayer Protection Plan (City and School Taxes are determined by the City of Glen Cove) |
$0.00 | 3 | |
| Hypothetical 2020-21 Taxes without the Taxpayer Protection Plan | $0.00 | 4 | |
The Taxpayer Protection Plan provides a five (5) year phase-in of any increase to the market value of your property with 20% of the increase being added every year for five (5) years. As a result, property owners receive an automatic exemption on value increases for each year. Please see the further explanations on the next page.
Box 1 shows the County’s determination of the updated market value of your property for the 2020-21 tentative assessment roll as a result of the recent County reassessment.
In 2018, Nassau County Executive Laura Curran ordered the reassessment of all properties in the County to restore accuracy, fairness and integrity to the County’s assessment system. This was the first reassessment in nearly a decade since the prior administration froze the assessment roll in 2011. Since the last reassessment, the market values of most residential properties in the County have increased significantly.
Box 2 shows the current taxes levied on your property on the County’s 2018-19 tax roll. This provides you with a comparison to the hypothetical 2020-21 taxes in boxes 3 and 4.
Box 3 shows your hypothetical 2021 County taxes with County Executive Curran’s Taxpayer Protection Plan, using your 2020-21 tentative assessment and the tax levies for County tax year 2019. These estimates are for illustration only and not actual County taxes to be levied for 2021.
This box shows the effect of the first year of the Taxpayer Protection Plan on your hypothetical 2021 County taxes, which would provide exemptions over a five-year period beginning in tax year 2020-21 for class one residential property owners experiencing marketplace valuation increases as a result of the reassessment. The Taxpayer Protection Plan would effectively spread out any relative changes, increases and decreases, in tax burden due to the reassessment over the five-year period. This phase-in would only be effective if the Taxpayer Protection Plan is adopted by the Nassau County Legislature. County Executive Curran has submitted legislation to the County Legislature to ensure the Taxpayer Protection Plan would go into effect in time for the County’s 2020-21 final assessment roll, and the Legislature must act on the legislation.
The plan properly balances the need to undo the unfairness and inequity caused by the frozen roll with the obligation to protect residents and the local housing market from sudden and drastic increases in tax burden. In doing so, the plan would provide a steady path forward for all residents after nearly a decade of turmoil under the broken and unfair assessment system.
Box 4 shows your hypothetical 2020-21 taxes using your 2020-21 tentative assessment and the tax levies for tax year 2018-19. This box shows the effect on your hypothetical 2020-21 taxes if the Nassau County Legislature does not approve the Taxpayer Protection Plan. If the plan is not approved, any relative change in your tax burden, whether an increase or decrease, will not be spread out and no protection would be afforded to homeowners and the Nassau County housing market.
Contact the Legislative Majority at 571-6200 Ext. 7 to support the County Executive’s Taxpayer Protection Plan.
You may view further information regarding your parcel online at www.mynassauproperty.com.