As a complement to our firm’s comprehensive real estate practice, Murphy Partners LLP represents and advises businesses, developers, and governmental entities in all aspects real property taxation.
Real property taxes increasingly represent a significant expense for property owners and developers. Understanding and addressing your property tax burden is essential for all taxpayers. Our firm’s attorneys work closely with property owners to identify strategies to potentially reduce their property tax burden, and have successfully litigated the value of all types of property classes, including office complexes, retail stores, shopping centers, apartment buildings, industrial facilities, hotels, and unique single purpose properties. Our attorneys also have a particular expertise in counseling non-profit entities in obtaining much needed real property tax exemptions available to charitable, religious, educational, hospital and other entities for qualified property.
An important part of our broad property tax services includes counseling clients in identifying and mitigating the real property tax implications for new acquisitions and redevelopment projects. Our firm has substantial experience in counseling developers and municipalities on long term and five-year tax exemption payment in lieu of tax (PILOT) programs and related tax incentives.