The Process
The Law Firm of Sean C. Acosta, PLLC, specializes in navigating the complex Commercial Property Tax Grievances and Appeals process for commercial, industrial, and multi-family property owners in New York State. Our mission is to assist you in disputing, grieving, or appealing your commercial property taxes, determining the fair value of your NY commercial property or real estate portfolio, and guiding you through tax abatement and exemptions. Leveraging our extensive knowledge and expertise, we aim to reduce your real property tax assessments to their fair tax value.
Our dedicated property tax agents maintain consistent communication, keeping you informed of commercial real estate grievance filing dates, walking you through each stage of the process, and updating you on potential refunds and the ongoing status of your case.
We proudly extend our services to all entities that pay commercial property taxes in New York, including but not limited to:
Commercial property owners
Commercial contract vendees
Commercial tenants obligated to pay all property taxes as per the lease or written agreement
Trust us to be your advocate in achieving a fair and equitable commercial property tax assessment.
How It Works.
At The Law Firm Of Sean C. Acosta, PLLC, we tailor our approach to your unique commercial property tax reduction needs, by offering comprehensive guidance and support throughout the commercial property tax reduction process.
Initial Assessment Review
At The Law Firm of Sean C. Acosta, PLLC, we begin by thoroughly reviewing your current property assessment and verifying municipal property records for accuracy. If necessary, physical inspections may be conducted to estimate depreciation and obsolescence, ensuring that all factors are considered.
Market Comparison and Analysis
We proceed to calculate the market value of your property and advise on viable cases with estimated savings projections. Our comprehensive approach involves reviewing annual rent rolls, leasing activities, and financial statements to establish trends. We further analyze factors that affect cash flow and value, such as difficulties in collecting rent, escalations, and common area charges.
Challenge and Representation
Our firm is dedicated to managing, completing, and filing administrative grievances with the municipalities on your behalf. If judicial proceedings are commenced, we will be there to represent you as your legal counsel. Additionally, if an appraisal is required, we assist in retaining a third party to prepare the report.
Monitoring and Communication
Our commitment extends to continuous monitoring of your case throughout the process, with regular updates on its status. We work diligently to ensure that you receive minimal interruption to your daily routine, throughout this process.
Timeline and Deadlines
The entire process may vary in duration, depending on the complexity of the case. Adherence to grievance filing deadlines is paramount. Keep in mind, if you miss the deadline, you lose the chance to save money that year.
Future Considerations
Even if you have been denied previously, it does not impact future grievance applications. With property values changing every year, we encourage the annual filing of appeals.