Schroder & Strom

Only 1 month left to appeal your Nassau County property taxes. Deadline is April 2, 2020. https://www.nytaxreview.com/schroder-strom-contact-form/

The City Council has approved and is now implementing a new law requiring commercial building owners to register rental details for retail, restaurant and service-sector storefronts and second floor spaces with the City. Commercial properties that are already filing their Real Property Income & Expense (RPIE) statement will see this as an additional component to the required filing once it becomes available in mid-February. https://www.nytaxreview.com/news/nyc-storefront-vacancy-registration/

The City Council has approved and is now implementing a new law requiring commercial building owners to register rental details for retail, restaurant and service-sector storefronts and second floor spaces with the City. Commercial properties that are already filing their Real Property Income & Expense (RPIE) statement will see this as an additional component to the required filing once it becomes available in mid-February. https://www.nytaxreview.com/news/nyc-storefront-vacancy-registration/

The most striking part of the report is its analysis of the assessment of a single condominium unit carrying the highest sales price ever reported in the United States located on Central Park South – $238,000,000. The Report shows the current tax based on a fraction of full value ($531,797) and what the tax would be under the proposed system at full value ($2,987,233). Takes your breath away. https://www.nytaxreview.com/news/nyc-tax-reform-commission-finds-inequality-of-residential-tax-burdens/

The NYC Advisory Commission on Property Tax Reform issued a long awaited report on the state of assessment equality imbedded in NYC’s tax assessment system. https://www.nytaxreview.com/news/nyc-tax-reform-commission-finds-inequality-of-residential-tax-burdens/