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Annual Property Tax Report Cards – $3.64 Billion in School District Cash Reserves

In May, the annual New York State Property Tax Report Cards for School Districts were released by the Department of Education.  The report cards include estimates of fiscal reserves that each school district expects to have...more

Real Property Taxation of Solar and Wind Energy Systems in New York State Update: Court Declares RPTL § 575-b Unconstitutional in...

In a Decision and Order rendered March 4, 2025, Albany County Supreme Court struck down as unconstitutional Section 575-b of the Real Property Tax Law, in the matter of Airey, et al. v. State of New York, et al. (Index No....more

2024 ASIE Filing Deadline Approaches for Nassau Commercial Property Owners

On Monday, February 3rd, 2025, the filing period will commence for Nassau County commercial property owners to submit their 2024 Annual Statement of Income & Expense (“ASIE”). The “ASIE” forms must be filed by owners of...more

Nassau County Commercial Real Property Tax Alert - January 2025

Annual Survey of Income and Expenses – ASIE-2024 As of February 1st, 2025, pursuant to the Nassau County Administrative Code, Section 6-30, the Nassau County Department of Assessment (“the Assessor”) is requiring the...more

The Suffolk County Water Quality Restoration Act – Proposition 2

On election day this year, Suffolk County residents overwhelmingly approved a ballot proposition that will increase the countywide sales tax to fund a project aimed at making water cleaner and upgrading Suffolk County’s sewer...more

The New York State Assembly’s Real Property Taxation Committee Proposes the Five Borough Fair Property Tax Act

An earlier Tax Tracker discussed the NYS Court of Appeals decision that revived a lawsuit brought by the Tax Equity Now (TENNY) coalition, which claims that New York City’s property tax system violates the federal Fair...more

Real Property Taxation of Solar and Wind Energy Systems in New York State: Update

An earlier Tax Tracker discussed the appraisal methodology for solar and wind energy projects in New York State under Section 575-b of the Real Property Tax Law: Real Property Taxation of Solar and Wind Energy Systems In New...more

Nassau County Commercial Real Property Tax Alert - February 2024

Annual Survey of Income and Expenses – ASIE-2023 - Pursuant to the Nassau County Administrative Code, Section 6-30, the Nassau County Department of Assessment (“the Assessor”) is requiring the submission of 2023 financial...more

Real Property Taxation of Solar and Wind Energy Systems in New York State

In 2019, the New York State Legislature enacted the Climate Leadership and Community Protection Act (“CLCPA”), which requires New York State to rapidly decrease greenhouse emissions and scale up renewable energy capacity....more

Nassau County Commercial Real Property Tax Alert - UPDATED

Annual Survey of Income and Expenses – ASIE-2022 - Pursuant to the Nassau County Administrative Code, Section 6-30, the Nassau County Department of Assessment (“the Assessor”) is requiring the submission of 2022 financial...more

Long Island Real Property Tax Alert - February 2023

Nassau County Assessment Grievance Filing Deadline Extended to April 3, 2023. The last day to file a grievance to protest the real property tax assessment, which will determine your 2024/25 School and 2025 General taxes,...more

Real Property Tax Alert

Any commercial assessment increase not related to new construction must be phased in over the next 5 years at 20% per year. As we enter the 3rd year since the 2020/21 County-wide reassessment, a reminder, that if your...more

Nassau County Commercial Real Property Tax Alert

Annual Survey of Income and Expenses – ASIE-2021Pursuant to the Nassau County Administrative Code, Section 6-30, the Nassau County Department of Assessment (“the Assessor”) is requiring the submission of 2021 financial data...more

Long Island Real Property Tax Alert - February 2022

February 10, 2022 Nassau County Assessment Grievance Filing Deadline Extended to April 30, 2022. The last day to file a grievance to protest the real property tax assessment, which will determine your 2023/24 School and 2024...more

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