Unlike most other jurisdictions in the United States, New York City reassesses all properties on an annual basis to calculate real estate taxes. The city’s property assessments process presents a window of opportunity for condominium and cooperative boards and multifamily rental building owners to protest these assessments and seek a reduction in real estate taxes owed in a fiscal year.
Among our many value-added services, FirstService Residential clients have access to the tax certiorari experts at Goldberg Weprin Finkel Goldstein LLP, one of New York City’s premier firms with specialization in the real estate tax assessment protests. With their help, our managed properties have saved millions of dollars on real estate tax assessments, as well as the legal fees associated with tax protests.
To deliver additional value to our clients, FirstService Residential also negotiated a fee structure with Goldberg Weprin through which our clients can obtain this legal service at rates that are 40-50% lower than fees generally charged by competing law firms.
Annual tax certiorari filings can result in significant savings and should be considered an essential component of your building’s financial plan. March 1 is the deadline to file a protest with the New York City Tax Commission.
Among our many value-added services, FirstService Residential clients have access to the tax certiorari experts at Goldberg Weprin Finkel Goldstein LLP, one of New York City’s premier firms with specialization in the real estate tax assessment protests. With their help, our managed properties have saved millions of dollars on real estate tax assessments, as well as the legal fees associated with tax protests.
In 2022, annual tax certiorari filings for FirstService Residential-managed properties resulted in significant savings for participating condominiums and cooperatives.
Through our partnership with Goldberg Weprin, our clients saw an aggregate reduction of $30 million in real estate tax assessments, which resulted in $800,000 in immediate tax savings to unit owners and shareholders.To deliver additional value to our clients, FirstService Residential also negotiated a fee structure with Goldberg Weprin through which our clients can obtain this legal service at rates that are 40-50% lower than fees generally charged by competing law firms.
Goldberg Weprin is uniquely advantaged by its recent talent acquisition of David Dunay, former Director of Appraisal and Hearings at the New York City Tax Commission.
As a real estate valuation and assessment analyst, Mr. Dunay contributes invaluable institutional knowledge to Goldberg Weprin’s team. In his former role as the “top tier” hearing officer at the Tax Commission, he personally reviewed all New York City high-value protest applications and reconsideration cases.Annual tax certiorari filings can result in significant savings and should be considered an essential component of your building’s financial plan. March 1 is the deadline to file a protest with the New York City Tax Commission.
New to tax protests? Get acquainted with the process in this video from our experts.
Buildings have until March 1 to file a protest with the New York City Tax Commission. Contact our tax certiorari experts today.