Good News about RE Tax!
I had written here before about how my commercial taxes had suddenly jumped through the roof. I had gone ahead and filed with the Tax Commission and the Department of Finance (and yes you can do this yourself pretty easily). Well late last week I got a notice from the Department of Finance showing me…
I had written here before about how my commercial taxes had suddenly jumped through the roof. I had gone ahead and filed with the Tax Commission and the Department of Finance (and yes you can do this yourself pretty easily). Well late last week I got a notice from the Department of Finance showing me that my tax would be dropping by more than 50%! Hurray!
Anyone think I can get a retroactive rebate, too?
Very good for you. Homeowners are not suppose to pay taxes it is those loosers who rent that have to bear the whole burden of the city’s high class spending. The homeowners are not even suppose to volenteer that is a renters duty.
So far I’ve only gotten through the DoF. Though I also filed an appeal with the Tax Commission, they’re not supposed to conduct hearings until September.
Please note that there are deadlines. I think is September for the RPIE for the previous year and it’s March 1 for multifamily, commercial condos, and commercial or industrial. You supposed to make the Spetember deadline to be eligible for the March one, but I think they have a little flexibility.
Ingeneral here’s the process:
1. Make sure you’ve filed a Real Property Income and Expense (RPIE) form.
2. Fill out the DoF Request for Review of Property Tax Assessment. It’s under Forms and Pulications on the DoF website if this link doesn’t work or it’s not for you property type. I filled out this one and the one for another property type becuase there were better fields on that one pertaining to the size and condition of the property.
http://www.nyc.gov/html/dof/html/pdf/request_for_review_property.pdf
3. Then fill out the forms for the tax commission. Read the info on your tax notice to determine your property type.
http://www.nyc.gov/html/taxcomm/html/forms/forms.shtml
Hope this helps.
Congrats! Can you provide some more detail on the appeal process?