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New York Property Tax Monitor Property taxation, assessment, valuation by local governments throughout New York State

Category Archives: Property Tax Laws

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New York City’s Enormously Inequitable Property Tax System a Political Hot Potato

Posted in Property Tax Laws, Property Tax News

Nowhere to be found in the Real Property Tax Law is the Law of Unintended Consequences, as exemplified by New York City’s’ regressive property tax system. What seemed like a good idea by legislators years ago to retain City homeownership has morphed to create enormous inequity, and no politician wants to touch it.  A study… Continue Reading

New York Property Tax Cap Squeeze on Schools Fails to Address Underlying Cost Burden

Posted in Property Tax Laws, Property Tax News, Property Tax Trends, Tax Cap

“The property tax is the killer tax in this state, and it has been for a long time,” Governor Cuomo said in his January 2016 State of the State address, and his solution has been the property tax cap. Appealing on its face, but the tax cap fails to tackle the real problems and has… Continue Reading

Staking a Claim: Why are Tax Grievance Claim Values So Low?

Posted in Property Tax Laws, Property Tax News, Tax Appeals, Valuation

A local reporter recently thought he got hold of a tax issue that would sell papers: claimants in New York tax cases often make their opening statement of value extremely low. To the reporter, unbelievably low, and therefore he was outraged and contended something foul was afoot. As is no surprise in much of the… Continue Reading

Highest Court Strikes Down Nassau County’s Attempt to Shift Obligation to Pay Tax Refunds

Posted in Court Decisions, Property Tax Laws, Property Tax News, Property Tax Trends, Tax Appeals

Nassau County was dealt a decisive blow to its financial prospects on February 18 when the State’s highest court held that it had exceeded its constitutional authority in attempting to shirk its obligation to pay tax refunds — estimated at some $450 million — by shifting the duty to individual taxing districts. In a 29-page… Continue Reading

New York City Apparently Unable to Explain its Own Property Tax Methods

Posted in Property Tax Laws, Property Tax News, Property Tax Trends, Tax Appeals, Valuation

Calculating property taxes and related values is complicated and perplexing in nearly every jurisdiction in the U.S., though perhaps nowhere more than New York City. One of the greatest sources of confusion comes when the City decides to increase an assessed value for certain classes of properties based on market changes (as opposed to physical… Continue Reading

NY Property Tax Monitor Blog Quoted in the New York Law Journal

Posted in Property Tax Laws, Property Tax News, Tax Cap

Appellate Division Justices Thomas A. Dickerson and Daniel D. Angiolillo, writing a roundup of notable decisions and issues in the field of New York State property taxation and valuation law in the prominent New York Law Journal, cited and quoted this blog in a discussion of the controversial tax cap legislation (see this blog’s June… Continue Reading

Property Tax Education for the Appellate Division of New York

Posted in Property Tax Laws, Property Tax News, Property Tax Trends, Revaluation, Tax Appeals, Tax Cap

For the vast majority of lawyers, interaction with Appellate Judges is quite limited and generally reserved for tension-filled, highly formalized, brief appearances before a stern and imposing panel that literally sits on high and fires vexing questions rapid-fire before saying “please sit down”. And the appellate decision-making process is often a murky one in which… Continue Reading

Hurricane Sandy, Natural Disasters, and New York Property Tax Relief

Posted in Property Tax Laws, Property Tax News, Property Tax Trends, Valuation

Many of our clients and colleagues have asked in recent weeks whether property damage caused by Superstorm Sandy may present any opportunities for local tax relief. Sandy affected roughly 81,000 properties and caused some $35 billion in property damage in New York alone, according to CoreLogic.  Natural disasters, which now occur with some regularity in various… Continue Reading

Property Tax Exemption Created by New York for Energy Efficient Green Buildings

Posted in Property Tax Exemptions, Property Tax Laws, Property Tax News, Property Tax Trends

“Green buildings” — improvements constructed to meet Leadership in Energy and Environmental Design (LEED) certification standards — have received much attention in recent years, but have also presented challenges in valuation and property taxation.  Not long ago, I counseled a local lodging developer who sought to create a truly “green” hotel, despite the fact that… Continue Reading