Real Estate Tax Certiorari/Tax Appeals
For real estate owners, property taxes are a significant expense. Our Real Estate Tax Certiorari Practice Group has secured millions of dollars in tax refunds and savings for all types of real property owners. We represent commercial, retail, hotel, and residential property owners in administrative and judicial proceedings protesting real property assessments in all five boroughs of New York City. We also have represented real property owners in Nassau, Suffolk, and Westchester Counties and, more recently, in New Jersey.
Our success comes from our intimate knowledge of property tax assessment and appeal procedures, our extensive experience with tax protest matters, and our ability to craft creative tax certiorari solutions for all types of property.
We guide clients through every step of the process: An experienced tax certiorari attorney reviews all protest applications before filing, attends every hearing and pretrial conference, and is always available to answer questions. Our Real Estate Tax Certiorari/Tax Appeal Practice Group is supported by a team of qualified, experienced commercial litigators who stand ready to take a tax certiorari protest to trial, if necessary, enabling us to negotiate the best possible settlement on behalf of our clients.
Our attorneys and paralegals are well-versed in the tax abatement, exemption, and incentive programs that are available to reduce taxes in many jurisdictions. We represent owners and developers in negotiating and obtaining valuable tax incentives and exemptions, such as those available through the Industrial and Commercial Abatement Program (ICAP) of the City of New York.
Among our many notable engagements, we have represented:
- a large Greenwich Village cooperative building, achieving an aggregate assessment reduction of $37.5 million and tax benefits of nearly $4 million;
- a national bank in the financial district, achieving an assessment reduction of nearly $40 million and tax benefits of more than $4 million;
- a condominium building, achieving an assessment reduction of more than $13 million and tax benefits of more than $1.6 million;
- a major retailer, successfully arguing that an exemption was erroneously calculated by New York City under the Industrial and Commercial Incentive Program (ICAP's predecessor), resulting in more than $1 million in tax benefits to the client;
- a university, achieving an assessment reduction of more than $7 million and a tax refund of more than $750,000; and
- an Albany County shopping center, successfully challenging the municipality's valuation at trial and achieving significant tax benefits.
Attorneys in the Real Estate Tax Certiorari/Tax Appeals Practice Group work closely with colleagues in the Firm's other Practice Groups, including Real Estate, Litigation and Tax, providing clients with comprehensive representation.