Tax Assessment & Condemnation Report

Tax Assessment & Condemnation Report

Monthly Archives: May 2012

Bottoms Up: Bettering Your Bottom Line By Decreasing Your Property Taxes

Posted in Assessments
 As the state focuses on keeping lights on and doors open to climb out of the recession, entities dependent on ever-decreasing state aid continue to look for ways to operate as funding declines and costs rise. Most municipalities and school districts have already limited spending, downsized staff, shaved operating costs, delayed capital improvements and upgrades, depleted … Continue Reading

A Blunt Instrument – The Effect of the Property Tax Cap on School District Budgets

Posted in Assessments, School Districts
New Yorkers pay some of the highest property taxes in the nation. The property tax burden on taxpayers in New York has been widely criticized, by the New York State Business Council among others, for its negative impact on attracting businesses and creating jobs in the state. As a result, the State legislature adopted the Property Tax Cap … Continue Reading

The RPTL § 420-a Exemption Application Unmasked

Posted in Assessments, Exemptions
Every state, as well as the District of Columbia, provides tax exemptions for religious and educational institutions.  In New York, the most significant exemption is provided by Real Property Tax Law (“RPTL”) Section 420-a, which provides an “absolute” tax exemption for real property (1) owned by an entity organized or conducted “exclusively for [exempt] . . . … Continue Reading

Can’t Go Over It, Can’t Go Under It, Gotta Go Around It: Encountering Federal Conservation Easements

Posted in Condemnation/Eminent Domain
Federally held conservation easements are one of the most problematic title obstacles faced by a public utility seeking to locate utility lines. In fact, encountering a federal conservation easement often results in a relocation of the utility line. The federal government generally holds conservation easements to protect wetlands, agricultural lands or other environmental resources. These … Continue Reading