FAQ Assessment Department

What is an Assessment?

A property’s assessment is a percentage of its market value. Market value is how much a property would sell for under normal conditions. Assessments are determined by the Assessor, or qualified third-party, who independently estimates the value of real property.

How Do I Know If My Assessment is Right?

It is up to individual property owners to monitor their own assessments. See Assessment Appeal Process below

What Determines the Tax Rate?

The tax rate is determined by the amount of the tax levy. There are several steps involved in determining the tax levy. First, the taxing jurisdiction develops and adopts a budget. Revenue from all sources other than the property tax is determined. These revenues are subtracted from the expenditures (appropriations) and the remainder becomes the tax levy. It is the amount of the tax levy that is raised through the property tax.
The Village prides itself on transparency and fair and equitable assessments for each and every individual property. The assessment roll is posted on the Village website. Additional information, including property cards may be viewed at the Village Hall.

Assessment Appeal Process

If you believe your assessment is incorrect, please feel free to contact the Village of Nassau Assessor’s Office. We will be happy to listen to your concerns regarding your assessment.
The following information may help you prepare for your meeting with us so that we may understand your situation:

  • Recent purchase contracts;
  • Recent sales of similar homes in your neighborhood;
  • Current appraisal of your property.

If you are not satisfied with the determination made by the Assessor after the informal review process, a complaint may be filed with the Village of Nassau Board of Assessment Review. The dates for filing the complaint form are between February 1st and the 3rd Tuesday in February. Grievance Day is always the 3rd Tuesday of February each year.