Nassau County homeowners to face property tax reassessment

EMBED </>More Videos

Kristin Thorne reports on the possible property tax increase on Long Island.

Tens of thousands of residents on Long Island could see their property taxes increase.

The Nassau County Legislature has approved County Executive Laura Curran's request to borrow $2.2 million to reassess all county properties. The money will be paid to two firms to conduct the reassessments.

"We've seen an unfair shift in the tax burden because those who grieve get relief and those who grieve often, they're often successful, they sink further and further away from fair market value," Curran said.

Assessment increases will be limited to six percent annually and 20 percent throughout a five-year period, keeping with state law.

NAACP Regional Director Tracey Edwards said the property tax burden in Nassau County falls disproportionately on minority and low-income homeowners who are often unable or unwilling to grieve their taxes. She said Curran's plan does nothing to alleviate the disparity.

"What this does is it still allows an increase for them as well," Edwards said. "So you're not going to see any type of fair and equitable system for a long time, if ever."

Homeowners told Eyewitness News reporter Kristin Thorne they have mixed feelings on the plan. Some said they are weary of having an assessment because they haven't had one in years and they are worried it may result in higher taxes.

"I don't think it's a bad thing actually," said Oyster Bay homeowner Carol MacNamara. "I think people have been underpaying in some areas."

Curran said the new assessments could be rolled out as early as January 2019.

----------
* More Long Island news
* Send us a news tip
* Download the abc7NY app for breaking news alerts
Related Topics:
realestatetaxesreal estatelawshomeownersNassau CountyOyster Bay
(Copyright ©2018 WABC-TV. All Rights Reserved.)