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.
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.
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.
Areas of Practice:
Property Tax Assessment Appeals/Administrative and Judicial Court Filings
Real Estate Tax Exemptions obtained
421-a ICIP ICAP and J-51 tax exemption programs
Not for Profit Tax Exemption
“The Real Property Tax Firm”