During these unprecedented times, where the headlines and news cycles are dominated by COVID-19 and its devastating global effects, it is important to keep an eye on other developments that impact our lives. To that end, here is a list of important developments and upcoming deadlines for Long Island property owners.
1. Earlier this week, the Nassau County Legislature passed the “Reassessment Phase-In Act of 2020.” This bill will phase in the recent reassessment of residential real property over a five-year period.
2. The Nassau County deadline to file real estate tax grievances on the 2021/22 assessment roll was further extended to April 30th.
3. The second half of the Nassau County 2019/20 school tax bills are due April 1st. The standard 40-day grace period allows payment until May 10th, without penalty. While Nassau County Town Supervisors have requested that Governor Cuomo extend this deadline, to date, the payment due date has not been adjusted. In addition, Suffolk County Town Supervisors are expected to follow suit in requesting an extension of the upcoming real estate tax due date.
4. The Nassau County Final Assessment roll for the 2020/21 tax year, the first year of the reassessment, is set to be released on April 1st.
5. Suffolk County towns are slated to release their 2020/21 assessment rolls in early May and hold their tax grievance days in mid-May. However, Towns are considering pushing back the 2020/21 assessment timeline until later this summer.