Nassau County Executive Laura Curran announced plans on Wednesday to freeze current property values in 2022-23 at the previous year’s level to provide some stability for residential and commercial property owners.
The freeze assures that the assessment would not be based on the “current, chaotic real estate market values caused by the unprecedented impact of the pandemic,” Curran said Wednesday in order to “give people a little bit of certainty in a very uncertain time.”
“By temporarily pausing property assessments, we can allow families and businesses a little more certainty so they can focus on the task of rebuilding their finances at a time of enormous economic uncertainty,” Curran said.
Categorised in: Local News
