Korngold Powers

Property Tax Consultant in New York, New York

5(1 reviews)
(212) 324-339860 E 42nd St, Ste 4600, New York, NY 10165View on Yelp

Client Reviews

5
out of 5
1 reviews

Based on Yelp ratings

Read reviews on Yelp

About Korngold Powers

Korngold Powers brings decades of legal expertise to New York property tax disputes. We understand that high assessments can strain budgets for both homeowners and business owners. Our firm focuses exclusively on property tax law, giving us deep knowledge of local assessment practices and appeal procedures. What sets us apart is our combined background in real estate and tax law. This dual expertise helps us identify overassessments that others might miss. We've successfully reduced property taxes for hundreds of clients across Manhattan, Brooklyn, and the surrounding boroughs. Our track record speaks for itself, with significant savings achieved for residential and commercial properties alike.

Services

Real Estate Law
Tax Law

How They Can Help

Our property tax appeal services cover the full spectrum of assessment challenges. We handle residential property tax protests for single-family homes, condos, and co-ops. For commercial clients, we manage appeals for office buildings, retail spaces, industrial properties, and mixed-use developments. We also conduct comprehensive valuation analyses to identify properties that are assessed above fair market value. Additional services include assessment review consultations where we examine your current tax bill and explain your options. We prepare and file all necessary paperwork with the Tax Commission of the City of New York and represent you at hearings. Our team also handles certiorari proceedings when administrative appeals don't achieve satisfactory results. We work on both contingency and hourly fee arrangements depending on your situation.

What to Expect

We start with a free consultation to review your property tax bill and assessment details. During this meeting, we'll explain whether you have grounds for an appeal and what potential savings might be realistic. If you decide to proceed, we'll conduct a thorough property analysis including comparable sales research and income data review for commercial properties. Next, we prepare and file your appeal with the appropriate agency. We handle all paperwork and deadlines so you don't have to worry about missing critical dates. If your case goes to a hearing, we'll represent you and present evidence supporting a lower assessment. Throughout the process, we keep you informed of progress and next steps.

Service Area

We serve all five boroughs of New York City: Manhattan, Brooklyn, Queens, the Bronx, and Staten Island. Our office is conveniently located in Midtown Manhattan, making it easy to meet with clients throughout the metro area. While we focus primarily on NYC properties, we occasionally handle cases in Nassau and Suffolk counties for existing clients.

Frequently Asked Questions

How do I know if my property is over-assessed?
Compare your assessment to recent sales of similar properties in your neighborhood. If your assessment is significantly higher than what comparable properties sold for, you may have grounds for an appeal.
What's the deadline for filing a property tax appeal in NYC?
Deadlines vary by property type and borough. Generally, you have 45 days from when assessment notices are mailed. We recommend acting quickly as proper preparation takes time.
Can I get a refund if my appeal is successful?
Yes, successful appeals can result in refunds of overpaid taxes plus interest. The refund typically covers the difference between what you paid and what you should have paid based on the reduced assessment.
How long does the appeal process take?
Most administrative appeals take 6-18 months. If the case goes to court through certiorari proceedings, it can take 2-3 years. We keep clients informed throughout the process.
What documents do I need for an appeal?
Basic documents include your property deed, recent tax bills, and any appraisals. For income properties, we'll need rent rolls and operating expenses. We'll help you gather everything needed.
Is there a risk my taxes could increase?
In practice, this rarely happens during appeals. NYC assessment procedures generally protect against increases during the appeal process, though we discuss any potential risks during consultation.
Do you handle co-op and condo appeals?
Yes, we regularly handle co-op and condo appeals. These properties have unique assessment rules that require specialized knowledge, which is part of our expertise.
What if I've already tried appealing on my own?
You may still have options depending on where you are in the process. We can review your case and determine if additional appeals or certiorari proceedings might be appropriate.

Think Your Property Is Over-Assessed?

TaxFightBack analyzes your assessment, finds comparable sales, and generates a complete appeal packet for your county. The average user saves $1,500 per year.

Analyze My Assessment

Other Property Tax Consultants in New York

Nearby Cities with Property Tax Consultants

TaxFightBack
Start My Appeal