Change tax class from 4 fam to 3

Our building has a C of O for 3 families, but is being taxed as a 4 family. We think a previous owner tried to convert to a 4, but then didn’t quite follow through – resulting in our current worst of both worlds situation. Curious if anyone out there has had any experience with making this kind of change, and has any tips to offer. Should we be worried that requesting the change will prompt a reappraisal that will ultimately leave us with a higher tax burden than if we do nothing? Thanks in advance for any info.

By Dr Dean Franklin | 05/03/2009 4:38 PM