OP-ED: Property Tax Assistance Available For Homeowners

BY ASSEMBLYWOMAN NILY ROZIC

For too many New Yorkers, the economic recovery is an abstraction. Even with recent declarations that the great recession is long gone, I find that Queens homeowners are facing many financial hardships. Property taxes remain a huge burden for many families. We must support all struggling to support their families as our economy recovers.

Last year, I partnered with City and State agencies to bring much-needed tax relief to local homeowners. Through the STAR (School Tax Relief) exemption program, many were able to save on average $700 each year on their property taxes. To register for the program or see if you qualify for STAR, please contact my office.

Property taxes are calculated by a perplexing formula. We must ensure that property owners are not overcharged in their tax assessment. To explain, property taxes are calculated by determining the property’s market value, its assessed value, its transitional values, and then applying exemptions–resulting in the annual property tax. Sounds complicated, right? This process often leaves neighbors confused and frustrated.

There is a solution: I am partnering with the Department of Finance to assist homeowners who disagree with their assessed property value and would like to challenge the calculation with the New York City Tax Commission. My office will be hosting a special tax assessment workshop in February. Please contact my office if you would like to participate. All homeowners are welcome.

I am committed to making sure that government supports the community as we overcome economic challenges together. Although the deadline is not until March 2014, I urge homeowners to file as soon as possible. My office is available to help!  If you have any questions, please contact me and my dedicated staff at (718) 820-0241 or rozicn@assembly.state.ny.us.

Assemblywoman Nily Rozic represents the 25th Assembly District, encompassing the neighborhoods of Flushing, Queensboro Hill, Hillcrest, Fresh Meadows, Oakland Gardens, Bayside Hills and Douglaston.