Boris Saks, Esq. PLLC
TAX CERTIORARI
Real estate tax certiorari is the process by which a taxpayer may challenge the real estate tax assessment on a given property in order to reduce the property’s assessment and real estate taxes. Boris Saks, Esq. PLLC handles tax certiorari proceedings for several hundred properties across New York City.
We have obtained reductions in assessed value for all types of real property including multi-family apartment buildings, regional shopping centers, office and industrial buildings as well as vacant land. Our clients range from publicly traded Real Estate Investment Trusts to small real estate owners.
We have substantial experience in negotiating settlement reductions at the administrative level, with the Office of the Corporation Counsel and through the Courts in all five Boroughs.
The following are examples of the types of tax certiorari matters we have previously handled:
- Assessment reduction for a Manhattan office building resulting in a refund of $1.5 million;
- Assessment reduction and reclassification for a Manhattan property resulting in tax savings of more than $700,000;
- Assessment reductions for a commercial condominium unit in Manhattan resulting in refunds and credits in excess of $600,000;
- Reductions in assessment for a Manhattan coop building resulting in refunds and credits of approximately $600,000;
- Reductions in assessment for a regional shopping center resulting in refunds and tax credits in excess of $500,000;
- Reduction in special franchise taxes for one of the largest optical fiber suppliers in the metropolitan area;
We work with clients to determine a property’s true assessed value and advise clients in real estate tax matters relating to prospective purchases and development projects.