OUR FEES

The Real Property Tax Advocacy Group will petition the Board of Assessors and if needed the New York Courts to have your commercial and residential property's tax-assessment reduced at no cost to you!   We analyze your eligibility for property-tax savings for free; we charge you nothing upfront; and we only collect our fee when, and if, your property-tax assessment has been successfully reduced.  So you have nothing to lose by letting us help you save today . . . except property tax! 

Click on the below link for an illustration of the process or continue by reading our fee structure below and the Grievance Services Agreement attached hereto as a subpage.

FEE STRUCTURE

Properties with (equalized) values from $5,000,000 and up on most recent tax-roll: 

28% of the tax reduction plus reimbursements (if any);

Properties with (equalized) values from $3,000,000 to $5,000,000 on most recent tax-roll: 

33% of the tax reduction plus reimbursements (if any);

Properties with (equalized) values from $1,200,000 to $3,000,000 on most recent tax-roll:  

36% of the tax reduction plus reimbursements (if any);

Properties with (equalized) values from $400,000 to $1,200,000 on most recent tax-roll: 

40% of the tax reduction plus reimbursements (if any);

Properties with assessed values up to $400,000 on most recent tax-roll: 

45% of the tax reduction plus reimbursements (if any).

FEE STRUCTURE EXAMPLE

A rental property in the City of White Plains with an assessed value of $30,000 has an equalized value of $1,090,909.  Based upon the audited financial submitted the Board of Assessors agreed to lower the assessed value to $22,000 decreasing the equalized value to $800,000.  Taxes in White Plains on residential property equal $762 per $1,000 (per mil) of assessed value which equals approximately $21 per mil of equalized value. Thus the tax burden for the client went from $22,800 to $16,720, representing a $6,080 in actual tax-savings to the client's for the one year alone. Out of this savings, the property owner had a bill due and payable to RPTAG of $2,432 (40% of the reduction obtained) and the owner kept the rermaining $3,648 in savings.  In the following years the owner keeps all of the savings.  The improved cash flow not only helps the owner's current bottom line but will translate into a higher sale price for the property in the future.

MISCELLANEOUS

i)   Reimburseables may include Court Costs, Appraisal Fees, Accounting Fees, and Mailings where necessary.  The client will be consulted for all disbursements which total more than $100 before such disbursements are made.  Reimburseable Court costs are only out of pocket expenses such as the $30 filing fee.  Appraisal fees vary depending on the property and not all properties will require appraisal.  Accounting fees will not be charged without prior customer approval and occur only when the customer does not have a proper rent roll or balance sheet available for use by RPTAG.  These fees are not charged up front but only after a successful ruling has been obtained by the adjudicatory body.