It’s surprising, but true: property tax appeals can benefit property owners, tenants, municipalities and other taxing entities - not just “corporate NYS.” A recent New York Times article entitled “Property Tax Appeals Benefit Big Companies“, however, ignores what good can come of assessment litigation. Tax assessment grievances, Board of Assessment Review (“BAR”) hearings and, yes, even Real Property Tax Law Article… Continue Reading
Monthly Archives: June 2012
School Districts Lack Standing to Challenge Assessed Valuation
Posted in Assessments, Exemptions, School Districts, ValuationNew York’s Real Property Tax Law (“RPTL”) provides that “[f]or the purpose of the levy and collection of school taxes, the valuations of real property shall be ascertained from the latest final assessment roll of the city or town.” What if a school district is unhappy with the valuations of real property established by the city or… Continue Reading
The Tax Man Cometh – Part III: After the BAR
Posted in AssessmentsGrievance day has come and gone in most municipalities and the Board of Assessment (“BAR”) determinations are starting to roll in. BAR determinations will be recorded on the final assessment rolls, which are filed in most towns on July 1. If you did not obtain your desired result, you can appeal the BAR’s determination to the New… Continue Reading
Picking Up the Pieces: The Hurricane Irene & Tropical Storm Lee Assessment Relief Act
Posted in Assessments, AssessorsThe Hurricane Irene and Tropical Storm Lee Assessment Relief Act allows taxing jurisdictions to provide relief to property owners that were “catastrophically impacted” (i.e., property that lost 50% or more of its value) by the aforementioned storms. This Act is unique because it allows property owners to have their property reassessed on the 2011 assessment roll… Continue Reading