I went to the NYC Dept of Finance link to get a copy of a building’s “Notice of Property Value” and found that their stated market value (900k for tax year 09\/10) was well under my intended offer (1.3m). How accurate is the city in this sort of assessment? Clearly, it’s a fair amount under my offer, like 400k, but the truth is I think my offer is fair and almost wouldn’t expect to pay anywhere near 900k for this place.
\n I read the blurb about how they calculate their numbers, but don’t totally buy that the market value of this really nice, extra large PS 4-family is only 900k.
\n Owners: how many of you genuinely agree with the “Notice of Property Value” that the city has for your property? Is it even in the right price range? Or do you just take this report with a grain of salt since it’s put out by the city? I’d love to hear some thoughts or opinions on this one. <\/p>\n","protected":false},"excerpt":{"rendered":"
I went to the NYC Dept of Finance link to get a copy of a building’s “Notice of Property Value” and found that their stated market value (900k for tax year 09\/10) was well under my intended offer (1.3m). How accurate is the city in this sort of assessment? Clearly, it’s a fair amount under…<\/p>\n","protected":false},"author":28850,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"schneps_byline":"","schneps_post_style":"","schneps_post_source":"","schneps_syndicated_read_more":"","schneps_post_source_sitename":"","schneps_syndicated_thumb_html":"","schneps_syndicated_thumb_src":"","schneps_post_source_shortname":"","schneps_post_source_url":"","schneps_post_source_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[76],"tags":[],"districts":[],"class_list":["post-35025","post","type-post","status-publish","format-standard","hentry","category-appraisals"],"acf":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/brownstoner.com\/forum-archive\/2009\/08\/nyc-finance-pro\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"NYC Finance Property Value…","url":"http:\/\/www.brownstoner.com\/forum-archive\/2009\/08\/nyc-finance-pro\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.brownstoner.com\/forum-archive\/2009\/08\/nyc-finance-pro\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Appraisals","author":[{"@type":"Person","name":"yanks21"}],"creator":["yanks21"],"publisher":{"@type":"Organization","name":"Forum Archive","logo":""},"keywords":[],"dateCreated":"2009-08-10T09:58:27Z","datePublished":"2009-08-10T09:58:27Z","dateModified":"2009-08-12T15:03:58Z"},"rendered":"