Why Marcus & Pollack?
In New York State and particularly in New York City real estate assessments
and taxes are based on a percentage of fair market value primarily based
on an income capitalization method and in certain limited circumstances
sales and cost factors play a role. The process requires a deep working
knowledge of the real property valuation principals and knowledge of the
assessors guidelines that can only come from experience.
Through many years of practice, Marcus & Pollack
lawyers possess the most comprehensive information available for comparable
purposes and understand the likely pitfalls of the assessing process. Our
lawyers have litigated real estate tax disputes before the New York City
Tax Commission, The Department of Finance, the New York State Supreme Court,
Appellate Division and the Court of Appeals.
We have worked with other agencies of the City of New York including Housing
Preservation and Development, the Industrial Development Agency, Battery
Park City Authority, and the Economic Development Corporation to name a
few. We have worked with officials in assessing and government at all levels,
an important factor when selecting a tax advisor.
Our attorneys have served on advisory boards that have worked with governmental
officials in the drafting of law, rules and regulations.