Ones To Watch: Innovators In Commercial Real Estate: Alyssa Murphy, Herman Katz LLP

Headquarters: Melville, NY

Founded: 2005

Services: Tax Certiorari; RET Incentives, Abatements & Exemptions

www.hermankatz.com

Innovation Highlight

We recently resolved multifaceted litigation involving a sizable distribution facility in rural New York. Its PILOT agreement had begun to phase out, and the property taxes were set to quadruple. By meticulously analyzing market data and deploying a tailored negotiation strategy, we proudly secured an equitable, reduced property valuation for our client, yielding seven-figure tax savings and predictably stable taxes for years to come. This outcome preserves the facility’s financial viability and safeguards many job opportunities for the local community.

Innovation in Action

Tax certiorari has been meaningfully advanced by the growth of public and proprietary property databases, which now offer broader scope and depth. These platforms aggregate data (property assessments, financials, and sales), allowing us to cross-reference it and better understand properties in our purview. Highly specific search variables help us identify truly comparable properties and market trends, recognize inconsistencies, and uncover tax saving opportunities for our clients. With this wealth of information, we are better equipped than ever to develop compelling, data-driven appeals.