Market Value for Tax Purposes

here is a useful calculator that (sort of) explains how your property tax bill is determined.

http://www1.nyc.gov/assets/finance/jump/property_calculator/tc1taxestimator.html

randolph

in General Discussion 8 years and 2 months ago

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deva | 8 years and 2 months ago

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Got the annual statement from the Department of Finance about the value of my home and it seems on the high end. It says I can appeal by March 15. Are there private services that help with appealing taxes? I am afraid I wont be able to figure out how to do it on my own.

Thank you.

WRPListings | 8 years and 2 months ago

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But what is the assessed value? I got mine as well, and the market value was exactly what we paid for it last year, but the assessed value for tax purposes was ridiculously low. I don’t know much about this, but it seemed that the two were not much related. Did you see a big jump on your taxes?