New York’s Section 485-b Offers Commercial Property Owners Important Tax Exemption Benefits
New York’s Section 485-b Offers Commercial Property Owners Important Tax Exemption Benefits Commercial real estate owners have a strategic advantage when they improve their properties. It only makes sense to take care of your investment and keep up with real estate trends and tenants’ needs. The downside to these improvements is that they can increase […]
Office Market Woes – What It Takes To Fill Space and How You Can Use The Downturn to Your Advantage
Office Market Woes – What It Takes To Fill Space and How You Can Use The Downturn to Your Advantage There has been so much focus in the news on the ups and downs of the office market since the start of the pandemic. When workers began to work from home en masse, it caused […]
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 […]
Good News for Commercial Net Tenants in NY with Recent Property Tax Ruling
Good News for Commercial Net Tenants in NY with Recent Property Tax Ruling A net lease agreement is typically structured so the tenant pays all the taxes, maintenance costs, insurance fees, utilities, etc. These obligations allow the net lease tenant to act as the property owner in many ways, without holding legal title. A net […]
What You Need to Know About Nassau County Commercial Property Tax Grievance – Due Dates & More
What You Need to Know About Nassau County Commercial Property Tax Grievance – Due Dates & More The deadline for property tax grievance in Nassau County changes slightly each year. The current deadline was extended to April 30, 2022 and we will provide the updated deadline for 2023 when it is set. Realty Tax Challenge […]
Coronavirus Effects on Commercial Property Taxes and Cost Reduction Strategies
Coronavirus Effects on Commercial Property Taxes and Cost Reduction Strategies First and foremost, I hope you and your families are doing well during these very challenging times. I want to provide you with some updates on the commercial real estate market. Effects from the coronavirus pandemic have led to uncertainty in the real estate market, […]
5 Surprising Environmental Factors That Could Affect Your Commercial Property Assessment
5 Surprising Environmental Factors That Could Affect Your Commercial Property Assessment If you are looking to appeal your property taxes, your success will largely be determined by whether or not your commercial property is accurately assessed. However, a commercial real estate appraisal can be influenced by many factors, and the appraiser used by your local […]
Learn the Key Differences Between the Nassau County & Suffolk County Tax Grievance Processes
Learn the Key Differences Between the Nassau County & Suffolk County Tax Grievance Processes If you own commercial property on Long Island, it’s important to understand that the Tax Grievance process is not the same in Nassau County & Suffolk County. Some property owners own buildings in both counties, and it can save a lot […]
5 Crucial Reasons You Need to Appeal Your Commercial Property Assessment
5 Crucial Reasons You Need to Appeal Your Commercial Property Assessment At Realty Tax Challenge we encounter concerns from real estate property owners about the process of appealing their commercial property assessment that can be unfounded. We would like to address and ease these concerns by tackling five of the biggest misconceptions and myths that […]
