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Commercial Property Owners New York Property Tax

Akerman LLP - HR Defense

New York City's Commercial Real Estate Tax Industrial and Commercial Abatement Program Extended to 2030 With Modifications

The New York City Industrial and Commercial Abatement Program (ICAP) has been extended to remain in effect through 2030, with some modifications. The New York state budget bill for FY 2026, signed by Governor Kathy Hochul on...more

Farrell Fritz, P.C.

After the Grievance Deadline: What Commercial Property Owners Should Know About Settlement Season

Farrell Fritz, P.C. on

The third Tuesday in May marks the end of the Suffolk County, Nassau County and New York City annual grievance filing season and the beginning of administrative hearings and deliberations that could yield significant...more

Farrell Fritz, P.C.

Suffolk County Sees an Eight Percent Average Increase in Equalized Values for 2025

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For most Towns and Cities throughout the State of New York, May 1st ushers in new assessment rolls and equalized market values for commercial and residential properties. As detailed in an earlier tax tracker (see: Assessment...more

Farrell Fritz, P.C.

2024 ASIE Filing Deadline Approaches for Nassau Commercial Property Owners

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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

Farrell Fritz, P.C.

New York City's FY26 Tentative Tax Roll: Insights, Trends, and What Property Owners Need to Know

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Every January, the City of New York releases its annual tentative tax roll based upon Department of Finance (“DOF”) valuations for each property in the five boroughs. Unless successfully challenged, these valuations are the...more

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