Politics & Government

Taxes Rise in Nissequogue

Village budget moves to counter a drop in mortgage tax receipts.

Tax bills in the tony village of Nissequogue are about to inch higher when the village's new budget takes effect on June 1.

According to Newsday, the new $1.75 million budget comes with a 4.75 percent tax hike, which officials said will help bridge a revenue gap caused by a 44 percent drop in mortgage tax receipts, a rise in state pension costs and a drop in property values cause by successful challenges to tax assessments.

The budget pierced the state tax cap and passed with the required 60 percent supermajority.

Read more here.


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