Now you see an increase in take home pay – when you pay your Federal Income Tax next year, your real estate taxes will be capped; along with your NYS Income Tax. More than ever, you must make sure to get your real estate taxes as low as possible. You can only protest next year’s taxes by filing a tax certiorari complaint/grievance from May 1, – May 15, 2018.
Commercial taxes are based on real estate rental value, not business value. Residential taxes are based on sales of similar properties in the same school district.
You need an expert to guide you. Properties with low taxes have more value when offered for sale.