The Surprising Way Code Violations Could Slash Your Property Tax Bill
The Surprising Way Code Violations Could Slash Your Property Tax Bill For most commercial property owners, discovering a building code violation triggers concerns about repairs, potential fines, or tenant complaints. But what if that same violation could actually help lower your property taxes? Under the right circumstances, unresolved code violations can be a strong argument […]
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 […]
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, […]
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 […]
What Hotel Owners Need to Know About Appealing Their Property Taxes in NY
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
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 […]
