New Law Affecting Tax Assessment Challenges for Properties with Payments in Lieu of Taxes (PILOTs)

At the end of 2022, legislation was passed in New York requiring a 45-day notice prior to filing a tax assessment challenge for any properties which are subject to an agreement to make Payments in Lieu of Taxes (PILOTs). Industrial Development Agencies often provide incentives in the form of exemptions from real property taxes in exchange for an agreement to pay PILOTs, which are then…

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CLE Seminar: Trends in Long Island Real Estate Development

This seminar will focus on IDA, zoning and land use topics. 1.0 CLE credit in Professional Practice will be awarded. Speakers Daniel P. Deegan, Partner & Chair of Forchelli Deegan Terrana LLP's IDA practice group Kathleen Deegan Dickson, Partner & a member of Forchelli Deegan Terrana's Land Use & Zoning practice group Margaret T. Ling, Senior Counsel, Big Apple Abstract Corp.   When you arrive…

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A Discussion on Nassau County’s Reassessment & IDAs on Long Island

The Commercial Industrial Brokers Society (CIBS) will be hosting a lunch & learn for brokers and salespersons. Forchelli Deegan Terrana LLP partners will be presenting. John V. Terrana, Esq. leads the firm's Tax Certiorari practice group. His presentation will include an overview of Nassau County's Reassessment, Tax Impact Notices (and why they're misleading) and an overview of the Tax Assessment Challenge. Daniel P. Deegan, Esq. leads…

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