Goodwin Procter LLP

Goodwin Procter's property tax practice serves sophisticated property owners who need strategic counsel on complex assessment challenges. Our team combines big-firm resources with specialized knowledge of New York's property tax system to deliver results for high-value properties. We represent institutional investors, REITs, developers, and high-net-worth individuals in property tax matters ranging from routine appeals to complex valuation disputes. Our approach integrates tax strategy with broader real estate and business objectives, ensuring property tax planning aligns with your overall investment goals.

Our property tax services span the full spectrum of assessment-related issues for commercial and high-value residential properties. We handle formal appeals, administrative proceedings, and litigation when necessary. Our valuation team works with leading appraisers and market analysts to build compelling cases based on income, cost, and sales comparison approaches. For institutional clients, we provide portfolio-wide assessment monitoring, strategic tax planning, and compliance services. We also handle specialized matters including tax increment financing districts, payment-in-lieu-of-tax agreements, and assessment challenges for unique property types like data centers, healthcare facilities, and mixed-use developments. Our residential practice focuses on luxury properties, estate planning considerations, and high-value cooperative and condominium units.

We begin with a comprehensive assessment audit examining your property's current tax position, recent assessment trends, and potential strategies. Our initial analysis considers both immediate appeal opportunities and long-term tax planning objectives. Once engaged, we develop a customized strategy that may include formal appeals, negotiated settlements, or litigation depending on the circumstances. We coordinate with your other advisors to ensure property tax strategies support broader business and investment goals. Regular updates keep you informed of progress and any strategic pivots needed.

We serve clients throughout the New York metropolitan area, with primary focus on Manhattan commercial properties and high-value residential markets in Manhattan, Brooklyn, and surrounding areas. Our practice extends to major commercial properties in other New York jurisdictions when they fit our client profile.