New York State tax officials are reminding home and property owners that Tuesday, May 23 is the deadline in most communities to challenge one's assessment.
Property owners have the right to file a grievance if one thinks the market value listed on the assessment is higher than the price for which the property can be sold. But according to the New York State Department of Taxation and Finance, it's up to the property owner to provide a number one feels is more appropriate.
"It's ultimately up to you, the property owner, to ensure that the market value determined for your property is accurate," said James Gazzale, spokesman for the state tax department.
That includes providing documents that help back one's opinion of an estimated market value.
"You can support that estimate with documentation of comparable homes or properties in your community," said Gazzale. "A recent appraisal can be helpful, but isn't necessary."
Gazzale says property owners should never wait until a tax bill arrives before challenging an assessment. That, he says, comes too late for the property owner to file a grievance and prevents that individual from ensuring they are receiving all exemptions for which he or she is entitled.
