Schneck Law Group LLC

Over $150,000,000.00 of property taxes have been refunded by the property tax attorneys associated with Schneck Law Group LLC.

Schneck Law Group LLC exclusively represents property owners in property tax appeals and focuses on reducing real estate taxes on commercial, industrial and multi-tenant real estate. Schneck Law Group LLC has 3 property tax attorneys and a staff of trained paralegals. The firm's founder and managing member, Michael Schneck, may be reached via email at

For a free consultation about a potential property tax appeal, please do not hesitate to contact me.

Direct Dial: (973) 533-9300, ext. 1

Thursday, January 31, 2008

New York Knicks Singled Out

What is the worst team in New York City right now? The answer, the New York Knicks. What team in New York City is being targeted and singled out by the New York City Council? What should not come as much of a surprise, the answer is the same, the New York Knicks.

Yesterday, on Wednesday, January 30th, the New York City Council voted forty to three to end Madison Square Garden’s property tax exemption, an exemption that has been in place since 1982. Ironically, while voting to take away the New York Knick’s property exemption, the New York City Council is currently planning on granting tax exemptions to the Yankees, Mets and Nets in packages that are worth over $1.4 Billion.

Whether or not one agrees with granting private corporations tax exemptions, this current scenario, is clearly not right and seems to be based on putty politics.

As stated by Barry Watkins, senior vice president of communications for Madison Square Gardens, “The City Council’s decision to single out Madison Square Garden, an engine of economic activity that provides jobs for New Yorkers, when more than a billion dollars in benefits have been given to the other pro sports teams in New York City, is obviously based on politics, not sound public policy . . .”

All is not lost for the Knicks, as Madison Square Garden’s Tax Exemption battle will now be moving to Albany. Without Albany’s approval, the New York City Council’s vote yesterday is essentially meaningless.


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