R E Tax Assessment
I’m filling out a TC101 to try to get a tax reduction. At issue is the City’s estimate of income on the building which is 33% above the actual income (before expenses.) The TC101 only asks for Assessment error to do with market value. How do you stipulate that it’s the income you’re contesting, not…
I’m filling out a TC101 to try to get a tax reduction. At issue is the City’s estimate of income on the building which is 33% above the actual income (before expenses.) The TC101 only asks for Assessment error to do with market value. How do you stipulate that it’s the income you’re contesting, not the market value?
Wow! Bessie, thanks! That looks perfect! I already do RPIE.
Instead of going to the Tax Commission you may be able to get results throught the Department of Finance. Last year I sent in this form for finance to review their data on a small commercial condo. They did end up lowering my tax.
http://www.nyc.gov/html/dof/html/pdf/request_for_review_property.pdf
I also had to fill out Real Property Income and Expense forms.