Found 2 blog entries tagged as Property Taxes.

40.5% of U.S. Properties May be Over-Assessed

For many Westchester County homeowners, spring doesn’t just bring blooming magnolias, it also brings the annual property tax assessment. If you’ve looked at yours and thought, “This can’t be right,” — you might be right. An article from Realtor.com suggests that approximately 40.5% of U.S. properties may be over-assessed. With home prices up more than 30% since 2020 in Westchester​, it’s no surprise that some assessments feel inflated. But municipalities don’t always get it right.

Here’s how we review property taxes and what to do if you're over-assessed:

  1. Find Your Assessment: Check your tax bill for Total Assessment or Taxable Value.

  2. Check the Residential…

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STAR Tax Relief on the Way

New York homeowners may soon benefit from tax relief checks through the School Tax Relief (STAR) program, which helps lower school tax costs. Eligible homeowners will receive the benefit through check or direct deposit through December, with most payments being distributed this month. Seniors who qualify for the Enhanced STAR program will receive a larger benefit. The amount for both tiers varies based on the homeowner’s school district.

What you need to know:

  • STAR is available for owner-occupied, primary residences.

  • Basic STAR: Household income not to exceed $500k.

  • Enhanced STAR: Homeowner must be 65 or older with household income under $98,700 for ‘24-’25 school year.

    …

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