Insurance Shrinkflation Is Costing You—And Tax Assessors Aren’t Accounting for It
Insurance Shrinkflation Is Costing You—And Tax Assessors Aren’t Accounting for It New York commercial property owners are facing a growing financial burden in 2025: skyrocketing insurance premiums and shrinking coverage that fails to keep pace with actual rebuilding costs. This isn’t just an increase in expenses—it’s shrinkflation in action. Property owners are now paying double […]
Why Tax Assessors Should Value Your Commercial Property Like a Bank Underwriter
Why Tax Assessors Should Value Your Commercial Property Like a Bank Underwriter The commercial real estate landscape in New York is facing unprecedented challenges as we enter 2025. At Realty Tax Challenge (RTC), we believe that tax assessors should evaluate your commercial property the same way a bank underwriter does: with a clear-eyed view of […]
Your Property’s Value Depends on Who’s Running the Numbers
Your Property’s Value Depends on Who’s Running the Numbers Commercial real estate is in rough shape. Interest rates have soared, operating costs are rising, and leasing demand is inconsistent. And it’s not getting better anytime soon. The biggest problem? Valuation. What’s your property worth? The answer depends entirely on who’s doing the math—and how they […]
Don’t Leave Money on the Table: Make Grieving Your Commercial Property Tax a New Year’s Resolution
Don’t Leave Money on the Table: Make Grieving Your Commercial Property Tax a New Year’s Resolution As the clock strikes midnight on December 31st, many of us set resolutions for the year ahead—get healthier, save money, or spend more time with loved ones. But if you’re a commercial property owner in New York State, there’s […]
Do Assessors Share Your Values? Or Are They Just Out of Touch?
Do Assessors Share Your Values? Or Are They Just Out of Touch? When it comes to relationships, most of us look for people who share our values—so why should it be any different with property assessors? The truth is, many commercial property owners in New York are asking themselves: Do assessors share our values? Unfortunately, […]
The Impact of Declining Property Values and Unpaid Taxes on NY Commercial Property Valuations
The Impact of Declining Property Values and Unpaid Taxes on NY Commercial Property Valuations The commercial real estate market in New York is facing a significant downturn, with properties selling at unprecedented discounts. This devaluation has a domino effect on property tax assessments, particularly for office buildings, leading to substantial budget shortfalls for municipalities. Compounding […]
Lessons for NY Office Owners: Case Study from Boston
Lessons for NY Office Owners: Case Study from Boston Commercial and office building owners in New York State should be aware of the potential impact of Boston’s office real estate downturn on their property values, and subsequently their property taxes. Boston’s experience, outlined in this post, highlights similar vulnerabilities faced by urban centers like those […]
Property Tax Insights on Retail Real Estate Trends
Property Tax Insights on Retail Real Estate Trends In this ever-changing retail real estate market, property owners find themselves at the forefront of seismic shifts, shaped by evolving consumer behaviors and constant innovation. This blog provides expert insight on the current trends influencing the retail landscape, their implications on commercial property valuations, and how property […]
NY Self-Storage Owners: Cut Costs with Property Tax Appeals
NY Self-Storage Owners: Cut Costs with Property Tax Appeals As a self-storage facility owner, you are probably quite familiar with the fact that your property tax bill is one of the largest annual operating costs for your business. In NY this is exacerbated by the fact that out of the top 8 counties with the […]
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 […]
