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 principles 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.
To champion each of our client’s goals with passion and integrity, reducing the property tax burden they have year after year. We are committed to providing the best possible service—and to improving it every day, with openness and communication at all times.