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Free-Falling Office Values: A Catalyst for Property Tax Challenges

Free-Falling Office Values: A Catalyst for Property Tax Challenges

Free-Falling Office Values: A Catalyst for Property Tax Challenges Certain segments of the U.S. commercial real estate market are facing significant difficulties in recovering from the pandemic, especially office buildings. The news is awash with reports of large office landlords defaulting on loans. Many highly leveraged owners expect significant challenges ahead.   Almost all NY commercial […]

What Hotel Owners Need to Know About Appealing Their Property Taxes in NY

Hotels - Property Tax

What Hotel Owners Need to Know About Appealing Their Property Taxes in NY The hotel industry has been through a tough few years since the start of the pandemic. After 2020 broke records as the worst year ever for the hotel industry according to STR, 2021 brought gains, but they were varied. The recovery pace in spring and […]

Navigating Property Taxes in a Shifting Office and Retail Landscape

Office Buildings

Navigating Property Taxes in a Shifting Office and Retail Landscape Retail and office owners are facing numerous challenges to remain profitable. During the pandemic, office occupancy rates plummeted due to the combined rise of the gig economy and the shift to remote work. Retail businesses, especially those that support office workers, have seen steep declines […]

The Latest Property Tax Developments in Dutchess County

The Latest Property Tax Developments in Dutchess County We are tracking a few important stories in Dutchess County that could affect property taxes. Our goal is to keep commercial property owners informed of any big developments or changes that they should be aware of. Here’s a roundup: 2023 Budget Proposal County Executive Marc Molinaro proposed […]

Commercial Property Taxes on Long Island

Nassau Suffolk Tax Grievance Process

What You Need to Know About Commercial Property Taxes on Long Island Living and working on Long Island, it may feel like you pay some of the highest taxes in the Country. The truth? You do. According to the Tax Foundation, New York State collects the 4th highest state & local taxes per capita in […]

What to know about property taxes for commercial adaptive reuse projects

Adaptive Reuse project in Melville, NY

What to know about property taxes for commercial adaptive reuse projects Reuse / recycle is a great mantra when it comes to sustainability. These principles are central to the commercial real estate practice of redeveloping aging buildings, also known as adaptive reuse. This practice is especially popular in the industrial sector.  Retrofitting an older commercial […]

10 Reasons to Appeal Your Commercial Property Tax Assessment 

10 Reasons to Appeal Your Commercial Property Tax Assessment  Appealing your commercial property tax assessment is one of the best business decisions you can make to lower your operating costs. Property taxes can account for up to 35% of your commercial building’s operating costs in New York. There are so many important reasons to appeal […]

Which Pandemic-Related Changes Continue to Affect Commercial Property Taxes?

Update: Which Pandemic-Related Changes Continue to Affect Commercial Property Taxes? During the last few years, when businesses were severely impacted by the COVID-19 pandemic, municipalities adjusted deadlines for property tax grievance filings and tax due dates to allow more time to file. There were also a series of other adjustments made. You are likely wondering […]