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March 1, 2008
Property Taxes
In the latest statements the city sent out, the house I've just finished renovating is listed as a 4 family, however, it was and is a 3 family.
When I purchased the house, I saw that DOF had it listed as 4 family while HPD has it listed as 3 family. The house did not have a C of O. (The house was purchased As Is from the city, so there were no negotiations possible.)
Also, we did a complete gut reno, and are currently working on getting a 3 family C of O.
I once spoke to an attorney about property taxes (for another house) and he said that based on all the market value increases, it was best not to stir the pot; the result could be an even-higher increase.
Would that advice apply now, or should I question the current assessment?
Comments
Department of Buildings is the agency that establishes Certificates of Occupancy, and it is a distinct agency from the DoF (in other words they don't necessarily overlap information). So originating a C of O may not have any impact on an assessment.
Tax assessments are deliberately structured to be "random" in the sense that there is not supposed to be any one thing that triggers them. Otherwise, if a C of O led to a new assessment, for instance, no one in their right mind would get one.
I put random in quotes since it seems to be a common understanding that assessments are usually connected to the sale of a property.
Posted by: Smokychimp at March 2, 2008 3:40 PM
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