Forum
« Ideas for concrete yard slab Architect Recommendation »
February 4, 2008
calculating property tax
does anyone know how to calculate property tax on a condo unit? i am looking at a listing and want to verify the monthly amount that the broker put up. thanks!
Comments
it's hard (impossible, i think) to figure it out b/c it's based on a value assigned by NYC (the estimated rental value, i think).
Posted by: guest at February 4, 2008 2:17 PM
Look up the property tax records on NYC department of Finance web site - you can see exactly what they pay.
Posted by: guest at February 4, 2008 3:30 PM
3:30 is right, except perhaps if its a newly constructed condo. If no one is living there yet, odds are that the condo has not yet been divided into separate tax lots, so no tax information on the unit itself (as opposed to the whole condo building) will be available. If that is the case, the broker is likely quoting the tax estimate from the offering plan, which is not necessarily anywhere near what you wind up paying.
Posted by: Emigre at February 4, 2008 4:59 PM
Does anyone know exactly where to look this up on the Department of Finance site? I'm having the exact same issue (buying a condo, not a new development, and want to verify the taxes the broker is claiming.
Posted by: guest at May 19, 2008 4:14 PM
Post a comment
Please be patient while your comment is published. It may take a moment.