Questions & Answers

Why do I need help with my property taxes?

As the rulings regarding the issue of property tax is extremely complex with each building offering unique characteristics- the taxpayers are frequently compelled to pay tax rates above the amount legally due.

In order to succeed in significantly reducing the payments, we bring together the right combination of skills and expertise – lawyers, appraisers, economists, surveyors, accountant and real estate specialists. We use the most cutting edge technology available and have access to all tax, real estate and necessary statistic data.

We, combine with experts from some disciplines, we are at your service to appeal against the amount of property tax due to accompany you through all stages of the process: from the preliminary assessment through to the receipt of the rebate and reduction on property tax liability.

A formal tax grievance petition must be filed requesting the relief sought and the merits of your case must be properly presented.

Yam Connections is committed to the highest standards of performance and integrity.

Can my action increase the amount due?

Since the Tax Commission has no authority to increase the assessment, your tax assessment can only be reduced as a result of filing with the tax commission. (TITLE 21 OF THE RULES OF THE CITY OF NEW YORK which contains the
TAX COMMISSION RULES OF PRACTICE AND PROCEDURE states in Chapter 4 Section 4-01 :

“The tax commission may not increase an assessed valuation”.

There is no downside to using our service to grieve your property tax assessment.

No fee is charged by our firm unless we obtain a reduction in your assessment.

The city assesses my property much less than the market value – isn’t it “waste of time” to appeal?

No. the correlation between the real market value of your property and the “market value” appearing on your bills is insignificant. The city has obligation under the applicable laws to comply with certain procedures and applications in determining your assessment. For example, compelling the taxpayer to pay more than his due share of the aggregate tax (that is, the levy on all taxpayers in the entire district) will be considered injustice and discriminatory assessments.

How much should I expect to be reduced?

The New York City Tax Commission accepted in 2008 5,451 applications and offered to reduce $ 2,669,191,175 in assessments value as a result of taxpayers’ appeals. For full 2008 statistical profile of NYC click here

We cannot guarantee reduction in every case but we do guarantee smart and professional service in all stages of representing your case.

We further guarantee hard working attitude: we will do our utmost to ensure you will not pay any penny we could have saved. We have earned our reputation by following our motto to appreciate and fight for every penny of our client.