PROPERTY TAX AUDIT
Tax Credits & ReductionsNYWM can conduct a property tax audit for your properties. Working in cooperation with the NYC Department of Finance, various tax credits may be realized including overpayments, overcharges, misapplied abatements and other credits and exemptions.
OverpaymentsNYWM will compare the property taxes which building owners have paid to the amount the account was charged, and procure refunds for overpayments or misapplied payments. In the last twelve months alone, the company has procured over $2 million in such refunds, many over two years old.
OverchargesNew York City periodically overcharges property tax bills. To investigate this situation, NYWM will audit a company's actual tax liability, compare it to the actual bills, and proactively reclaim any outstanding difference on your behalf.
Misapplied AbatementOften tax abatements and exemptions that properties have been granted are not applied for the full term of the abatement or exemption. NYWM will research the tax history for each building and collect any back taxes on your behalf that were paid inadvertently as well as extend the abatement and exemption for its full term.
Senior Citizen Rent Credits (SCRIE) / Disability Rent Increase Exemption (DRIE)NYWM's approach to maximizing your SCRIE & DRIE tax abatements has two prongs. First, NYWM investigates whether the properties are receiving all of the credits to which you are entitled. Second, NYWM ensures your credits are applied only to buildings for which you actually have tax liability.
in property tax refund checks for our clients over the past year
PROPERTY TAX AUDIT CONSULTATION
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