HK Celebrates Landmark Victory in Property Tax Assessment Appeal
February 29, 2024 | Articles & Press Releases
Herman Katz is pleased to announce a significant legal victory on behalf of a prestigious, nationally and internationally ranked golf course located in Suffolk County. The Supreme Court, Appellate Division: Second Judicial Department, affirmed a crucial decision that significantly impacts assessed valuation and correspondingly real estate taxes for the taxpayer.
After a comprehensive ten-day trial, involving expert testimony from real estate appraisers, a planner, and an environmental consultant, the trial judge adopted the valuation presented by the club’s appraiser with minimal adjustments. This trial outcome was affirmed by the appellate court, underscoring the accuracy and appropriateness of the valuation methodology applied to the property.
Partners Jay M. Herman and Jacquelyn L. Mascetti handled the matter at the trial level and led the HK team in this landmark case. Partner Jacquelyn L. Mascetti argued the appeal, showcasing the firm’s depth of expertise in property tax law.
This decision continues the significant precedent in the valuation of golf and country club properties as required under the New York Real Property Tax Law, recognizing the specialized nature and unique characteristics of such properties. Herman Katz is proud to have successfully represented its client in this matter, reaffirming the firm’s substantial knowledge and experience in property tax litigation.