Articles & Press Releases

July 09, 2018

ASIE Filing Update

Previously, we sent you a reminder that Nassau County requires owners of “income producing property” and property that is owner occupied, under construction, and/or sold or purchased during each calendar year to file an Annual Survey of Income and Expense (ASIE Statement) on each applicable property. The filing deadline for the most recent 2017 filing was April 2, 2018. Currently, property owners are able to view the status of their 2016 and 2017 filings on the ASIE filing portals. Property owners are unable to check the status for the 2015, 2014, or 2013 filings at this… Read more »

August 03, 2017

New York Golf Course Valuation

The valuation, assessment and taxation of golf courses has been headline news lately due in part to the publicity surrounding any and all real property owned by United States President Donald Trump. For example, in May, New York State Assemblywoman Sandy Galef (D-Ossining), announced her plan to introduce legislation that would change the methodology used to value golf courses. The legislation is intended as a response to tax assessment filings, including property in her district—Trump National Golf Club. Residents of her district believe the pro-forma demand for a 90% reduction in the assessment for Trump National Golf… Read more »

October 07, 2016

DAF Law Drives up Tax Rates

Here is a simplified explanation of the special legislation driving your extraordinary 2016/17 real estate tax increases daf-charge-powerpoint-disputed-assessment-fund-00155818xc3f8c

August 16, 2016

Revocation of Real Estate Tax Exemption for the Tax Exempt

Recently, the revocation of exemption from real property tax for certain non-profit organizations has become a topic of much debate in courtrooms and legislatures alike. New York is moving towards a more restrictive application of the real property tax exemption statutes. New York has two statutes that govern the exemption of real property from taxation—New York Real Property Tax Law § 420-a (mandatory exemption) and New York Real Property Tax Law § 420-b (permissive exemption).  In 2015, the Court of Appeals comprehensively examined section 420-a in Greater Jamaica Dev. Corp. v. New York City Tax… Read more »

February 02, 2016

Unconstitutional Selective Reassessments

We have been faced with issues of potential unconstitutional selective reassessments a great deal lately. Unconstitutional selective reassessment occurs when an assessing jurisdiction illegally increases the assessment on a property or changes the classification of a property without increasing the assessment or reclassifying all other similarly situated properties. For example, a commercial property owner may notice an increase in the property’s assessment after purchasing the property. This may be a result of the municipality increasing the assessment to the sale price. In general, in New York, “[a]ll real property in each assessing unit shall be… Read more »