Maximize your property tax savings

Property taxes are a major expense for most companies. Herman Katz Cangemi & Clyne has successfully obtained outstanding real estate tax refunds and savings for its clients, which include local, regional, and national owners and tenants of properties. Our client base encompasses hotels, shopping centers & department stores, industrial facilities, self-storage facilities, golf & country clubs, office buildings, multi-family & apartment complexes, and more. HKCC goes well beyond what’s required to bring you the best possible outcome: maximum savings on your property taxes.

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Latest News & Events

February 02, 2017

HKCC TACKLES BIG BOX VALUATION AGAIN IN NY

HKCC Partners Kevin Clyne and Jennifer Hower litigated the proper methodology to be utilized in valuing big box retail stores for property tax purposes in New York State.  The methodologies have received mix treatment by courts throughout the state. HKCC is forwarding the theory that, due to the law requiring real property be valued free and clear of any leasehold interest, or any other encumbrance on the fee simple value, the courts should look to the rents paid by second generation users of big box space.   The Town, as if often the case,  relied entirely… Read more »

January 27, 2017

New NYC Assessment Roll Released

New York City released its 2017/18 tentative assessments last week. These assessments will be used to determine the taxes due for the fiscal year that begins on July 1, 2017. Class 4 (commercial) and Class 2 (multi-family residential) have seen large assessment increases over the last five years. That trend has continued with this recently released tentative roll. In a press release, the Department of Finance acknowledged these dramatic increases. Class 4 properties, as a group, had their assessments increased by 8.1% over the previous year. Class 2 properties saw an even bigger increase –… Read more »