Forum Archive

I’ve tried to get my head around the property tax discussions here. But I could use some feedback on our new assessment:

We recently bought a 2-family in Bushwick which had been receiving a senior citizens exemption, leaving the taxes at about 3,000/yr. Now the new assessment comes in and, not surprisingly, the exemption has been lifted – and the tax has tripled. We paid significantly less than Finance’s assessment based on comparables – I just wonder if it’s worth disputing the new figure either because it’s such a huge increase, or because the assessment is high. Or any other reason?

Is this number in line with other’s figures for comparable homes? We expected the tax figure to change – but I didn’t think it could triple in one go.