New promises of property tax relief for New York homeowners are being floated in 2015, even as many are still waiting for tax rebate checks that were promised last year. So who should expect help to show up, and how can Long Islanders take control of their own property tax relief?
In January 2015 Gov. Andrew Cuomo said that ‘qualified’ Long Island homeowners would see an annual tax savings of around $1,186 under his new proposal. 2 million state homeowners and renters are hoped to qualify under the $1.7 billion property tax credit plan.
Meanwhile even many of those that taxing authorities have said were due tax freeze checks haven’t received them according to local news reporting. While they were expected to arrive just after summer 2014, the acting NY tax commissioner said some check were “going out right now” in February 2015. That was a month ago.
Of course $600 or $1,000 in tax credits, even if received might not mean much for many Long Island property owners, when their annual property tax bills are so inflated and are pushing over $10,000 a year. The intentions may be good, but the execution, and real savings being seen in the mail box just don’t seem to be adding up.
While waiting on these quirks in the system to be worked out, and even if having already received some form of property tax relief individuals can still get real, actionable, more meaningful help by appealing their high LI property tax bills with the help of Property Tax Adjusters, Ltd.