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 […]
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 […]
Trends in Commercial Real Estate: Adaptive Re-Use Projects
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, […]
Governor Andrew Cuomo’s Proposal to Reduce NY Property Taxes
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 […]
Why You Should Hire a Property Tax Specialist to Appeal Your Commercial Property Taxes
Why You Should Hire a Property Tax Specialist to Appeal Your Commercial Property Taxes Up to 60 percent of the property in the United States could be overtaxed. Hiring a property tax specialist could save you hundreds (or even thousands) of dollars. One way to try to lower your property taxes is by hiring a property […]
Appraisal Plays a Large Part in Commercial Real Estate Tax Reductions
Appraisal Plays a Large Part in Commercial Real Estate Tax Reductions… Here’s What You Need to Know Small business owners have a lot to digest when it comes to the subject of commercial real estate—especially these days. That goes double for the notion of obtaining an appraisal on a piece of commercial real estate, a process that […]
How a Property Tax Reduction Benefits Your Business
How a Property Tax Reduction Benefits Your Business A property tax reduction increases your profitability! That should be reason enough to see if your commercial property qualifies for a reduction. It’s a challenge and it’s best hire team of professional to get the job done. Our goal is to maximize your property tax savings, while minimizing […]