About Realty Tax Challenge – Since 1995 Realty Tax Challenge has assisted commercial property owners in New York with the reduction of their real estate taxes. We have achieved over $50 million in real estate tax reductions. We represent large companies such as Newsday/ Times Mirror, Pepsi, Hilton Hotels, Ford Motor; CVS, Goodyear Tire, IHOP, as well as large real estate owners including First Allied Reit and Wharton Properties. Realty Tax Challenge is the premier valuation expert in the field of real estate tax reduction. In addition we can also help you obtain economic incentives, as well as represent you in Eminent Domain proceedings.
Let us put our expertise to work for you. Whether you need to reduce your taxes, a determination of the value of your real estate portfolio, information regarding tax abatements and/or exemptions which may be available to you or assistance in responding to an eminent domain claim, Realty Tax Challenge (“RTC”) will provide the best possible services.
At RTC, we are the foremost valuation experts in real property tax reduction. We are in constant contact with our clients to determine if the value of their property has changed. For instance, has a neighbor uncovered any environmental issues with their property? Did someone lease space below market value on your street? Even such odd conditions as being on the wrong side of the street may impact your value. The Wall Street Journal recently reported an instance where a retailer paid double in rent to be on the sunny side of the street. Is your current tax consultant providing that level of expertise and communication to you?
If your tax consultant is sitting behind a desk in an office building, they cannot provide you with the best possible settlement. Valuing real estate is both a delicate and continuous process. Market conditions are constantly changing. RTC is in your market digging up information on the latest transactions. Did your desperate neighbor rent part of his warehouse for less than he should have? Did the municipality change the access to your property through condemnation? These are all pieces of the puzzle that make up the valuation of your property. Without these pieces, your tax consultant will be unable to paint the most accurate picture of your property, and without the most accurate picture, you will not receive the lowest possible assessment.