Property owners across the country are losing their homes for being as little a few hundred dollars behind in taxes. Don’t be one of them!
Homeowners, including those on Long Island and in Nassau County are having their homes sold out from underneath them for being delinquent by as little as $400 according to a new consumer report. Many may not even be aware that their homes have received liens and homes are being sold.
New York City just held a tax sale a few weeks ago in which property owners lost homes for being behind on water charges and property tax bills. Nassau County’s annual tax lien sale was held in February, but many homes could be sold at any time.
Don’t lose your home!
This scenario is incredibly notorious on Long Island where abuses have been exposed by the media since way back in 1986. Today finance giants and real estate investors are even more eager to snap up these tax lien certificates and scoop up prime real estate for pennies on the dollar.
Unfortunately for those struggling with their finances on Long Island, as well as the elderly that just have issues getting their mail and making sense of it this issue can creep up fast.
Even those that are aware can have an incredibly difficult time selling their homes in advance of one of these foreclosure type sales due to stagnant values. Nationally home prices have been headed up steadily. Even New York as a whole has seen property values rise, while Long Island has seen home values slip, forcing many further underwater.
Here on Long Island we also suffer from some of the toughest tax burdens in the world. Sadly, this is often made far worse when tax charges are frequently incorrect. How tragic is it for so many hard working Americans to be losing their homes due to a flawed tax system.
If you are having a hard time coming up with your tax bill money or believe that you are being overcharged then contact a local property tax adjuster and get your bill reduced.
If you are already delinquent on your Long Island property taxes perhaps you’ll even be able to work out a payment arrangement or get an exemption.