Forum Archive: Posts by: longtimefirsttime

I own a floorthrough condo apartment in Fort Greene in a building with three residential units and one commercial (a restaurant). The taxes are staggeringly high, over $650 a month for my unit (around $8K a year). What my neighbors in the building are paying is in line with that–the one with a larger unit pays even more. But could this be a mistake for all of us? (I’m told of a person with a $2.5 millon apartment in Manhattan who pays about the same as I do, and we paid about a quarter of that amount for our place. Another person I know pays about $3K a year in tax for an entire brownstone in Carroll Gardens/Red Hook.)

Our “Notice of Property Value” from the City is confusing but it appears the tax rates are very different for “1-3 family homes” and for “4-10 unit homes” (much higher for the latter) and that they have treated us as a “4-10 unit home,” which I don’t totally understand. Are they possibly treating us as if we own the entire building? Or if not, should they still be treating us as a 1-3 family home since the building has only three *residential* units, and one commercial? Help would be so appreciated. Or a reference to a RE attorney who’s savvy about condos, honest, competent, etc…