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, leaving owners and investors bracing for a likely downturn in […]

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 […]

5 Crucial Reasons You Need to Appeal Your Commercial Property Assessment

Taxes

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 […]

5 Ways Big Data is Disrupting Real Estate – and How You Can Take Advantage

Big Data in Real Estate

5 Ways Big Data is Disrupting Real Estate – and How You Can Take Advantage Big Data can seem complex and impenetrable, but it is important to understand the practical and useful ways that Big Data will change the real estate industry, and to stay ahead of the curve when it comes to its disruptive […]

Trends in Commercial Real Estate: Adaptive Re-Use Projects

Adaptive Reuse project in Melville, NY

Trends in Commercial Real Estate: Adaptive Re-Use Projects With the advent of what is being dubbed the ‘retail apocalypse’, millions of square feet of formerly-thriving retail space now sit empty. Landlords and developers are looking towards adaptive re-use to breathe new life into these buildings, drive profitability and offer new services to businesses and residents. […]

Is Sales Tax Dodging Responsible for the Death of Brick-and-Mortar?

Is Sales Tax Dodging Responsible for the Death of Brick-and-Mortar? Online retail has become a huge disruptor for traditional brick-and-mortar stores. The retail industry overall has experienced massive changes within the last 15 years, not least of which is the growing number of sales being handled online. Amazon in particular has become a major force, […]

Dark Store Tax Re-Assessments Save Retailers Millions on Property Taxes

Dark Store Tax Re-Assessments Save Retailers Millions on Property Taxes The strategy of re-visiting assessed retail property values known as “Dark Store” is taking off across the country. Commercial property taxes can be a huge cost for businesses. Some ‘big box’ retailers who feel that they have been over-taxed have used this strategy to win […]

Governor Andrew Cuomo’s Proposal to Reduce NY Property Taxes

Property tax grievance deadlines for each County in NY including Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, Westchester Counties

Governor Andrew Cuomo’s Proposal to Reduce NY Property Taxes NY Governor Andrew Cuomo has proposed a new plan to lower commercial and residential property taxes. His proposal involves giving county executive authority to meet with municipal leaders to discuss finding ways to share expenses and  lower both costs and NY property taxes. Cuomo says that […]