Property Tax Management

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Our Services

Take control of your property taxes.

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The Affordable Neighborhoods for New Yorkers exemption, worth up to 40 years on new residential construction. MGNY runs the option analysis, the HPD registration and every filing, starting before the first building permit.

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Non-Primary Residence Surcharge (Pieds-à-Terre Tax)

Exemption filings and market value challenges for owners facing the new pieds-à-terre surcharge on non-primary residences, at the Department of Finance and the Tax Commission.

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NYC Property Tax Appeals

MGNY Consulting represents 2,500+ properties in annual appeals filed at the Tax Commission and Finance Department. Our high-accuracy, expert-driven processes instill confidence in every case and outcome.

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RPIE Filing

Our high-efficiency NYC RPIE filing system simplifies filing for thousands of NYC property owners through an online portal for standard RPIEs, rent roll and NYC storefront registry.

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RPIE Penalty Removal

Contesting incorrectly assessed RPIE penalties for new building owners and established operators.

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421a Application

We have helped secure tens of millions of dollars in 421-a benefits for new construction projects. Our expertise with every version of 421-a goes back to our founding in 2008.

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ICAP Application

MGNY Consulting has been the most active filer of ICAP applications for hotels, medical facilities and various other commercial developments.

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Exemption Renewals

In order to preserve the existing commercial or NFP tax benefits, annual or semi-annual renewal applications must be submitted to the Department of Finance. MGNY Consulting navigates the renewal process for its clients.

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Tax Opinions and Projections

MGNY Consulting provides tax planning and advisory service to purchasers, developers, investors and lenders across NYC.

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NFP Exemption Application

Securing Non-for-Profit tax exemptions for charitable and religious organizations.

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Coop/Condo Abatement

MGNY Consulting represents condominiums and cooperatives in securing primary residence tax benefits.

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Old 421-a

The previous 421-a program, known as 421-a (1-15), is a partial exemption from New York City property tax for the new construction of Class A multiple dwellings. The program closed to new construction starts at the end of 2015, but the benefits it granted run for as long as 25 years, and the filings, rent […]

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J-51

J-51 is now two programs under one name. The original J-51, an as-of-right exemption and abatement for residential rehabilitation, expired for work completed after June 29, 2022, but the benefits it granted are still running on thousands of buildings and still carry obligations. Its successor, the J-51 Reform program known as J-51 R, is accepting […]

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Reinstatement of Benefits

Finance (via City rules) prescribes strict reporting requirements for most properties receiving various tax exemption and abatement benefits. Non-compliance may lead to diminution, suspension and even revocation of such benefits. If you believe that the City has wrongly deprived your property of a tax exemption or abatement, MGNY can help you contest the determination by […]

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Finance Department Appeals

The NYC Department of Finance values every parcel in New York City each year, and every January the result arrives as the Notice of Property Value. If that notice is wrong, the first place to fix it is inside Finance itself, through the Request for Review. MGNY Consulting prepares and files Requests for Review across […]

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2.5K+

Annual Tax Appeals

#1

RPIE Filer in NYC

$50M+

In Tax Refunds

1,100

Buildings Secured Tax Benefits In NYC

$30B+

In Assets Represented

Property Tax Management System

MGNY Consulting is changing how real estate leaders manage the assessment review, tax liability reductions, and Department of Finance compliance filings. Our capabilities in tax abatements and exemptions, RPIE filings, as well as tax planning transcend the traditional wait and see approach, and create a holistic management structure that creates much better outcomes much faster.

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Client Portal

We’ve built a smart online portal that leaves tedious paper management in the past. Just sign on to easily complete relevant forms, generate portfolio-wide and property-specific reports, and monitor billing and tax history –– all in one place, with access anywhere.

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Property Tax Management Case Studies

Let’s Talk

We are helping real estate owners and developers navigate the affordable housing and property tax challenges. Schedule a call to find out if we can help you too.

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