(914)747-0202 ●
FAX (914)747-1312
FREQUENTLY ASKED QUESTIONS
COMMERCIAL
REAL ESTATE
Why choose WSRS and not my Accountant or Attorney to
file?
Most savvy Commercial
property owners choose to appoint WSRS because we are experienced in providing
accurate Commercial property appraisals, which is essential in completing the
grievance process. WSRS is familiar with the required forms, the process within
the Towns and we also schedule pre-deadline consultations with Tax Assessors to
obtain favorable outcomes for our clients as early as possible.
Is there a deadline to challenge my tax assessment?
Yes. You can only file a tax
grievance once a year. The deadline varies depending on the County and Town that
your property is located in. If you miss the deadline, you will have to wait
until the following year to file. WSRS will ensure that your grievance is
timely filed with all necessary supporting documentation.
What are the chances of my tax grievance being
successful?
Most of the cases we accept
result in a tax reduction. Commercial Tax Reductions are slightly more
complicated than Residential applications and have a higher probability of
being appealed. Average tax reductions vary by Town, but WSRS will always work
to obtain the maximum tax reduction on your property.
What information is required to file a Tax Grievance
Complaint?
In preparation of filing the
tax grievance, WSRS will need to perform a Commercial appraisal of the
property. Thus, we will need information regarding the rental value of the
property, and the monthly expenses for the property,
as well as any improvements that have been made to the property since it was
last assessed. All of this information will remain confidential, and this
information will only be used if it is necessary to advance your application.
Will my property taxes be increased as a result of
filing a grievance?
NO. Your property tax assessment cannot be legally increased
as a result of challenging your assessment. Your taxes will only be increased
if there is a Town reassessment or if you subsequently make improvements to the
property.
Why does WSRS require the payment of an upfront
application fee?
WSRS charges an upfront fee
because we prepare a detailed analysis of the property and thorough Tax
Grievance Complaint to the Tax Assessor. The client receives a copy of this
supporting application which they may use for other purposes.