HKCC Partner Robert S. Katz will be installed as the 2018 President of the New York Real Estate Tax Bar Association (RETBA) at its annual dinner at the Yale Club on January 29, 2018. Bob will be the bar’s point person in dealing with the NYC Department of Finance , the NYC Tax Commission and the City Law Department on property tax issues . The 65 attorney members of the Real Estate Tax Review Bar Association advise and represent New York City taxpayers with respect to property taxes, property tax appeals (tax certiorari), property tax… Read more »
Jay M. Herman, Esq., CRE, will be speaking at the Institute for Professionals in Taxation’s (IPT) Property Tax Symposium to be held November 7, 2017 at Indian Wells, California. Jay will be speaking on “Advanced Litigation Skills”.
Effective January 1, 2017, Jay Herman, Robert Katz, Andrew Cangemi, and Kevin Clyne are pleased to announce that Jennifer Hower is now a partner in the Firm.
From November 13th to 16th, 2016, IPT (Institute for Professionals in Taxation) will hold its 40th Annual Property Tax Symposium at the Westin La Paloma in Tucson, Arizona. Kevin Clyne is the chair of the Symposium, and Jay Herman will be a featured speaker on the issue of golf course valuation.
Jay Herman will be speaking at the Institute for Professionals in Taxation’s (IPT) 40th Annual Property Tax Symposium on November 14, 2016 in Tucson Arizona. The Topic is “Valuing Golf Courses in New York and Across the Country.”
On September 14, 2016, Jay Herman and Kevin Clyne spoke at a joint program of the Long Island Chapter of the Appraisal Institute and the Tax Certiorari and Condemnation Law Committee of the Suffolk County Bar Association. Attendees received CLE Credit. Kevin Spoke on the relationship between real estate and business value. Jay spoke on prudent appraisal trial practice. Over 80 professionals were in attendance.
Herman Katz Cangemi & Clyne, LLP is proud to sponsor Liz Janangelo Caron, Golf Professional, as she plays in the 2016 KPMG Women’s PGA Championship at Sahalee Country Club, Sammamish, Washington, June 9th to 12th, 2016. Go Liz!
Herman Katz Cangemi & Clyne attorneys, Jay M. Herman and Jacquelyn L. Mascetti, recently completed a real property assessment trial in a town outside Buffalo, New York involving the valuation of a Nursing Home facility. The trial addressed issues of New York State reimbursement rates and recent changes to the State’s reimbursement calculations; the business aspects of nursing homes; going concern value; the Uniform Standards of Professional Appraisal Practices (USPAP), and NYs court rules for trial appraisals. A decision by a Justice of the New York State Supreme Court is due pending submission of post-trial… Read more »
In New York, and many states around the country, only real property is subject to property tax assessment and taxation. However, many properties’ values are intertwined with business operation. Accordingly, the going concern elements, tangible and intangible, of a piece of property must be identified, allocated and extracted so that only the real property is properly assessed. Many property types have significant going concern elements which should not be assessed under New York law, including, but not limited to hotels, motels, resorts, restaurants, golf clubs, department stores, golf clubs, and self-storage facilities. HKCC is committed… Read more »