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I am a board member of a small (17 units) residential Co-op in NYC.Our property taxes have drastically gone up since the past 2 years and now amount to ~ $90K. Our taxes used to be around $30K before that. We're behind on our tax payments accruing interest; thus increasing out tax amount due. I am interested in finding out what options do we have to bring down this huge hike? And how do we go about doing that. We have a few low income senior citizens unit owners. They might be eligible for exemptions. One attorney said he can't help us on the tax issue.
Your responses are appreciated!! Please Help!
I agree with Steve, you need to speak with a tax certiorari attorney about challenging the increase. We use Jeffrey Golkin.
You have a more serious issue, and that is your tax arrears. This is something you need to get resolved as soon as possible because taxes are not something to take lightly. You will definitely need an attorney to negotiate for you unless someone in your building has experience in these matters. Interest and penalties are accruing every day, so it is in your best interest to address this as quickly as you can.
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Hi,
You need a certiorari lawyer for real estate. Their specialty is challenging real estate taxes and they typically receive a commission on the amount saved. My co-op challenges our taxes each year as a best practice. We use and are happy with “Sonnenschein, Sherman and Deutsch” (Stan Russo is the legal assistant for our building).
Good luck!
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