Property Data Updates and Assessment Review Requests
Corrections to Property Data - Class 1 Only
Request for Assessment Review - Class 2 & 4 Only
Update Vacant Property Data - Vacant Land Only
Tax Commission Appeals - For All Tax Classes
Appealing Tax Commission Rulings
Property Data Corrections - Class 1 Only
If the descriptive information about your property is incorrectly shown on your Notice, Class 1 homeowners should file Finance's Request to Update Property Data Form by April 23rd so that it is reflected on your Noticel. You can inform us of sales in your neighborhood that indicate that your market value is too high. Changes in your property information may – or may not – affect Finance's estimate of market value or the assessed value of your property.
Request to Update Property Data
Download Form (27.6k)
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Request to Finance for Assessment Review - Class 2 & 4 Only
If the tax class, gross income, gross expenses, or gross square footage shown on your Notice is incorrect, Class 2 and 4 owners may file Finance's Request for Property Tax Assessment Review Form by April 23rd .
Request for Review of Property Tax Assessment
Download Form (225.9k)
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Tax Commission Appeals - For All Tax Classes
If you believe the tax class, assessed value, or exemption shown on your Notice is wrong, you should file an application for correction with the NYC Tax Commission by March 2nd (Classes 2, 3, and 4) and March 16th (Class 1 only). Your application must be received by the deadline because the law does not permit an extension.
The Tax Commission can change your tax class, reduce your assessment, or adjust the exemption. You do not need an attorney to file with the Tax Commission, and you are not required to attend a personal hearing (unless you wish to do so). The Tax Commission cannot change your market value. If you think your market value is incorrect, contact Finance.
Visit Tax Commission website
For Homeowners with fewer than 11 Units
Use the chart below to determine if you should file with the Tax Commission or Finance. The Tax Commission can only change your assessment, not your market value.
Use the following chart as a guide:
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Should I appeal?
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Example 1-3 nits
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Example 4-10 units
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Your Property
|
|
1. What do you think your property would sell for?
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$400,000
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$755,000
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|
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2. Multiply what you think your property would sell for by the assessment ratio for your Tax Class - 6% for 1-3 units or 45% for 4-10 units.
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x.06
$24,000
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x.45
$337,500
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|
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3. Enter the actual assessed value that appears on your Notice of Property Value
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$22,000
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$350,000
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|
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4. If Line 3 is greater than Line 2, file with the Tax Commission. If Line 3 is less than Line 2, file with Finance.
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Forms & Publications
Read Form TC600, "How to Appeal a Tentative Assessment," carefully before you decide to file an
application for correction with the Tax Commission. This form and instructions
can be found on the Tax Commission website.
Contact Information
NYC Tax Commission
1 Centre Street, Rm. 936
New York, NY 10007
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Appealing a Tax Commission Ruling
Taxpayers who are dissatisfied with the determination of the Tax Commission may appeal by filing a Petition for Review. Owners of one-, two- and three-family homes may appeal through the Small Claims Assessment Review Program (SCARP). Form TC600 - "How to Appeal a Tentative Assessment" - is recommended reading for taxpayers who plan to file an appeal.
- A Petition for Review is a lawsuit against the City
that taxpayers may file under Title 1 of Article 7 of the New York City Real
Property Tax Law. Corporations must be represented by an attorney.
Non-corporate petitioners may use an attorney or act as their own attorneys,
but they must be familiar with and comply with all rules of procedure.
Petitions for Review of the assessment are only for the current tax year.
- Owners of one-, two-, and three-family homes used for residential purposes may appeal through SCARP, the Small Claims Assessment Review Program. The assessment must be contested on the grounds of inequality, overvaluation, or improper denial of a partial exemption.
Visit Tax Commission website
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