Heritage Council Neighborhoods How to Reduce Property Tax in NY

How to Reduce Property Tax in NY


How to Reduce Property Tax in NY

Property taxes can be a significant burden on homeowners in New York, often making up a large portion of their annual expenses. However, there are several strategies that homeowners can employ to reduce their property taxes and save money. This article will outline some effective methods to help homeowners reduce their property tax burden in NY.

1. Challenge Your Assessment: One of the most common ways to reduce property taxes is by challenging the assessed value of your property. If you believe your property has been overvalued, you can file an appeal with your local tax assessor’s office.

2. Gather Evidence: To support your appeal, gather evidence such as recent comparable sales in your neighborhood, property appraisal reports, or any significant damage or depreciation that may have affected your property’s value.

3. Attend a Grievance Hearing: If your appeal is accepted, you will be invited to attend a grievance hearing. Present your evidence and make a compelling case for why your property assessment should be lowered.

4. Apply for Exemptions: New York offers various exemptions for homeowners, such as the Basic STAR (School Tax Relief) exemption for primary residences. Check if you qualify for any exemptions and apply for them promptly.

5. Renovations and Improvements: Certain renovations and improvements can increase your property’s assessed value. However, if you have made energy-efficient upgrades or modifications for accessibility purposes, you may qualify for tax credits or exemptions. Consult your local tax assessor for more information.

6. Monitor Your Assessment: Keep an eye on your annual property assessment to ensure it remains fair and accurate. Sometimes, assessments can increase significantly, leading to higher property taxes. If you notice any discrepancies, consider appealing or discussing the matter with the assessor’s office.

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7. Understand Local Tax Rates: Different municipalities have varying tax rates. If you’re considering moving within NY, research the tax rates of different areas to find a location with lower property taxes.

8. Consider Tax Payment Plans: Some municipalities offer tax payment plans that allow homeowners to spread their property tax payments over several installments. This can help alleviate the financial burden of paying a lump sum.

9. Utilize Tax Discounts: In some cases, municipalities offer tax discounts for certain groups, such as veterans, senior citizens, or individuals with disabilities. Check if you qualify for any of these discounts.

10. Monitor School Budget Votes: School taxes often make up a significant portion of property taxes. Stay informed about school budget votes and participate in local discussions to ensure responsible spending and efficient use of tax dollars.

11. Consult with a Professional: If you’re struggling to navigate the property tax reduction process or need assistance in understanding your options, consider consulting with a tax professional who specializes in property taxes in NY.


1. How often can I challenge my property assessment?
You can typically challenge your property assessment annually or within a specific timeframe set by your local tax assessor’s office.

2. Can I challenge my property assessment if I recently purchased the property?
Yes, recent homebuyers can challenge their property assessment if they believe it is inaccurate or overvalued.

3. How long does the appeals process take?
The length of the appeals process can vary, but it usually takes several months from filing the initial appeal to attending the grievance hearing.

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4. Can I challenge my property assessment online?
Some municipalities may offer online platforms for filing property assessment appeals, but others may require physical forms to be submitted.

5. What happens if my appeal is denied?
If your appeal is denied, you may have the option to further appeal to a higher authority, such as a local tax review board or a court.

6. Are property tax exemptions available for rental properties?
Exemptions are generally only available for primary residences. Rental properties are typically subject to higher property tax rates.

7. Can I apply for multiple exemptions?
Depending on the eligibility criteria, you may be able to apply for multiple exemptions. However, certain exemptions may have restrictions or limitations.

8. How do I find out if I qualify for the Basic STAR exemption?
You can find out if you qualify for the Basic STAR exemption by visiting the New York State Department of Taxation and Finance website or contacting your local tax assessor’s office.

9. Can I challenge my property assessment if I think my taxes are too low?
Typically, property assessments can only be challenged if you believe they are too high or inaccurate. Challenging a low assessment may result in higher property taxes.

10. Can I reduce my property taxes if I’m on a fixed income?
Some municipalities offer programs that provide property tax relief for individuals on fixed incomes. Contact your local tax assessor’s office to inquire about such programs.

11. Can I reduce my property taxes if my property is in a historic district?
In some cases, properties located in historic districts may be eligible for tax credits or exemptions. Consult with your local tax assessor’s office for more information on historic property tax benefits.

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