Seventy-five local municipalities and school districts across Long Island have signaled plans to override the state-mandated 2% property tax levy cap for the upcoming 2026 fiscal year. This move allows these entities to…
💡 Five Town Homes & Living — Homeowners in districts planning an override should immediately review their specific municipality’s proposed budget hearing schedule to understand how much of the levy increase is earmarked for capital improvements versus recurring operational costs. Because these overrides directly impact your monthly escrow payments, you should calculate the potential percentage hike against your current assessment to adjust your household budget accordingly before the new fiscal year begins. **By monitoring these local board meetings now, you can better anticipate the impact on your total cost of ownership and prepare for potential adjustments in your mortgage escrow requirements.**
Navigating the impact of local tax policy on your home investment.
We help you analyze how these specific tax levy adjustments impact the overall affordability of a property you are considering, ensuring you have a clear picture of your total monthly carrying costs. We’re your advocates, not just your agents. No surprises, just honest guidance.
Source: Newsday
Joey Frankel, a native of the Five Towns, Long Island with years of real estate experience is a social media expert, who will get your home the maximum exposure it needs. She is also a dual agent for both Manhattan and Long Island. Joey will bring you young professionals who are seeking the suburban lifestyle. Sandy Carl is a native of the Five Towns Long Island and familiar with the surrounding communities and school districts on Long Island. She brings over 15 years of event sales experience and real estate with a keen eye for design and home renovations. Frankel/Carl Team Five Town Homes at Douglas Elliman | Licensed Real Estate Professionals | 516-342-0056
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