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.
Moorestown, NJ Brennan Investment Group (Brennan) completed the recapitalization of two portfolios containing 22 buildings and totaling 1,176,122 s/f in Moorestown, and Nashville. Notably, the transaction marks Brennan’s third
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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.
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking