Is fighting to Restore the NYS 6% Cap on Assessment Increases
The Curran Administration is proceeding with a plan to reassess every property in Nassau County. Upon the advice of her Assessor, David Moog, and contrary to an agreement with the Legislature, the County Executive has chosen to circumvent the New York State law that limits any increase in assessed values to no more than 6% in a year. The administration is doing this by changing the formula by which your tentative assessed value is determined and requesting a new law that will permit her to increase the 6% allowable increase to 20% over the next five (5) years.
The NYS assessment cap is an important taxpayer protection in Nassau, especially since the county’s assessment expert estimates that more than 50,000 households will see tax increases of 25% or more and another 40,000 will see increases of 15% to 25%.
Removal of the NYS cap is the wrong approach, especially with the new limitation on the SALT (state and local tax) deduction, and rising interest rates. Hitting tens of thousands with large tax increases will be a burden for many, the last straw for some, and could affect home values throughout Nassau.
By signing this Petition you will join us in demanding that County Executive Laura Curran restore the New York State Cap on Assessment increases.
Thank you for your consideration.