Now that the City Department of Finance (DOF) has released tentative property tax assessments for Fiscal Year (FY) 2021, RSA is pleased to announce a collaborative effort with a law firm that can help RSA members contest their property tax assessment.
Certilman Balin Adler & Hyman, LLP, a Nassau County-based law firm, has teamed-up with RSA to help our members challenge the latest assessments released by DOF on January 15th (see page 1). Attorneys at Certilman Balin Adler & Hyman, LLP, which has a well-known Tax Certiorari and Condemnation Practice, concentrate in administrative and judicial real estate tax review proceedings involving real property tax assessments in New York State.
Certilman Balin Adler & Hyman, LLP Partner Richard Cronin will be the point of contact and intake for RSA members who would like to evaluate whether they should contest their assessment. Please keep in mind that all tax grievances must be filed by March 2, 2020. Please be sure to check your assessment on the DOF website.
This new service is available to all RSA members, regardless of the size of their building(s). If it is not in your best interest to file a tax grievance, you will be advised why you shouldn’t. Once you have your assessment in hand, it is vital that you contact Richard Cronin as soon as possible. This service is for current RSA members only. If your membership needs to be renewed, or if you need to add buildings to your RSA membership, please do so right away. By now, you should have received your January membership bills.
Though RSA is making this connection, all attorney-client privacy privileges are between individual RSA members and Certilman Balin Adler & Hyman, LLP. All decisions in these proceedings are yours, in consultation with your lawyer – whomever you retain. RSA has no role in your proceeding and will not receive any financial benefit from your case. Furthermore, Certilman Balin Adler & Hyman, LLP will only receive payment as a portion of your potential tax reduction. Your only out-of-pocket cost is the filing fee for the tax challenge.
Prior to contacting Mr. Cronin, it is important to remember that obtaining a reduction when challenging your tentative property tax assessment is a very difficult task. RSA members cannot make a strong enough case by simply stating that their tax assessment is too high.
Valid reasons to challenge your assessment include:
• If you have experienced or anticipate a decrease in rental revenue as a result of 2019’s radical changes to rent laws, you might be entitled to tax relief.
• If neighboring buildings have lower assessments than yours on a square footage basis.
• Outside factors influencing the property, such as major construction near the property causing problems with air quality or service disruptions.
• A report issued by the City’s Independent Budget Office (IBO) has found that residential buildings located close to a homeless shelter sell at lower prices than comparable residences further away. The full report by IBO can be viewed at https://bit.ly/32F4am1.
For any questions or concerns about RSA’s latest partnership, please contact Michael Tobman, RSA’s Membership Director. He can be reached at (212) 214-9255, or [email protected]. Richard Cronin of Certilman Balin Adler & Hyman, LLP can be reached at (516) 296-7192, or by email at [email protected]. For more information about the firm, visit https://bit.ly/2TjOQtf.