Real Property Tax Strategies

Real Property Tax Strategies – Innovative Solutions

The firm’s real property tax attorneys provide trusted tax advice to clients across the real estate industry. We take a practical and pragmatic approach to all tax matters, devising strategies that satisfy our client’s legal obligations, reduce their tax burden, and avoid common pitfalls. We also have a strong track record of pursuing property tax appeals and resolving other tax controversies. 

Our firm works with real estate developers, investors, property owners, and other pivotal players in the real estate industries of New York, New Jersey, and throughout the country. We strive to meet our clients’ business objectives through innovative tax strategies that maximize their return on investment. Our comprehensive real property tax services include:

• Property Tax Consulting & Compliance: We routinely provide property tax analysis and projections in connection with property acquisitions, development projects, leases, and other real estate transactions. We employ an interdisciplinary perspective and closely interact with other practice groups throughout the firm to provide knowledgeable advice on how to structure transactions to secure tax advantages and minimize risks, including like-kind transactions under Section 1031 of the Internal Revenue Code. We also conduct reviews of property tax assessments to determine if challenges are warranted.
• Property Tax Appeals: We successfully handle property tax appeals for all types of taxpayers and properties, including property owners, tenants, management companies, co-operatives, and community/condominium associations. Whether appearing before local assessing authorities or state tax courts, we have achieved success in obtaining fair and equitable assessments, thereby reducing our clients’ property tax exposure. Backed by an impressive team of litigators, our property tax attorneys also represent clients in administrative proceedings before the Internal Revenue Service and other governmental agencies.
• Property Tax Abatements: We offer assistance in all phases of the tax abatement procedure, including evaluating available programs and hands-on guidance with all phases of the process, including creating and registering qualified entities with the New Jersey Department of Community Affairs, drafting abatement applications, negotiating financial agreements and project labor agreements, and advising on compliance issues. We handle exemptions and abatements for new construction, reclassification of real property, as well as eminent domain/condemnation matters.