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The Real Property Taxable Status of New York Limited Liability Companies There are a number of troubling issues concerning the taxable status of New York limited liability companies (“LLCs”) for purposes of Real Property Tax Law (“RPTL”) sections 420-a and 462 exemptions.  Holding title to real property in the form of an LLC is a…

MARCH 1, 2023 DEADLINE IS APPROACHING FOR REAL PROPERTY TAX EXEMPTION Deadline approaching:  If you own commercial, industrial, agricultural or other real property, you may be entitled to a full or partial real property tax exemption.  The March 1, 2023 deadline for filing real property tax exemptions is quickly approaching in most jurisdictions. Exemptions are…

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