Cuomo signs Sandy property tax assessment legislation
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Gov. Andrew Cuomo has signed legislation that could lower
property tax assessments on properties destroyed or damaged by Superstorm
Sandy. The new law will allow for retroactive adjustments of January 2013
tax bills.
The bill aims to provide relief to property owners that
received tax bills in 2013 that were based on pre-Sandy valuations and that did
not accurately reflect storm losses. Property owners who have already
paid their January 2013 tax bills can receive refunds. Property owners have 90
days from today, October 29, 2013, to apply to a local assessor for a
reduction.
For more information on this and other
Superstorm Sandy related legislation, click
here. |
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