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Nassau County Takes Measures to Mitigate Reduced Property Values After Sandy

LongIsland.com

Nassau County Executive Edward Mangano has announced a Post-Hurricane Sandy Assessment Stabilization Plan to prevent large swings in assessed property values due to storm damage.

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Nassau County Executive Ed Mangano announced a new plan to give property owners a process to report and document structural damages caused by Superstorm Sandy with the Department of Assessment.  

“With thousands of property owners negatively impacted by Hurricane Sandy, I have directed County Assessor James Davis to take the necessary steps to provide relief so that property assessments reflect reductions in value from Hurricane Sandy while protecting all homeowners from large swings in their assessed values,” Mangano said in a statement.
 
The Post-Hurricane Sandy Assessment Stabilization Plan, which requires the cooperation of the state and federal government, calls for $50 million in federal and state aid to stabilize the tax base through a Hurricane Sandy Recovery Grant program.  The plan also includes state legislation that permits assessment relief for property owners negatively impacted by Sandy, as well as FEMA Community Disaster Loan Programs briefing for local municipalities to receive information about financial assistance to mitigate reduced property values.
 
Property owners will be able to report and document structural damages with the DOA on the Property Damage Review Form that will be included in January’s Annual Assessment Disclosure Notice.  The form must be filed by property owners on or before April 1.
 
Due to the number of Post Offices that sustained damage in affected areas which has caused mail delivery delays, the form has also been posted on the DOA’s website.  County residents with questions can call the DOA at (516) 571-1500.
 
 
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