News: Brokerage

May 20 tax assessment grievance deadline

The law firm Herman Katz Cangemi & Clyne LLP (HKCC) reminds business property owners and multifamily residential developments in Suffolk County and throughout New York (with some exceptions) that they can challenge their current property tax assessments through May 20. HKCC focuses its practice almost exclusively on commercial property tax challenges. For specific deadlines and other assessment and tax information, taxpayers should consult the municipal summaries on the State Office of Real Property Tax Services website at http://orpts.tax.ny.gov/MuniPro/. New York City, Nassau County and Westchester County are exceptions to the May 20 requirement with deadlines now past in New York City and Nassau. The deadline in Westchester County Towns is June 17. Villages and cities have different deadlines throughout the state. "In the current economic climate, municipalities are struggling to balance budgets and in some cases are more inclined to litigate, or at least to delay the resolution, of assessment appeals, regardless of the merits or the struggles of taxpayers", said Jay Herman, senior partner at HKCC. "It has become indispensable that taxpayers be represented by experienced counsel, especially those with trial and litigation experience," said HKCC partner Kevin Clyne.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.