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NYC Property Tax System

 
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DMCKEON
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Joined: Mar 17, 2005
Posts: 22572
Location: Staten Island

PostPosted: Tue Feb 12, 2013 9:55 pm    Post subject: NYC Property Tax System
From Feb 12, 2013 to Feb 16, 2013 (included)
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Posted by Jimmy Oddo:




As you might have seen on Facebook and beyond, for a while now I have been trying to educate folks on the convoluted property tax system in NYC. For most of us, our homes are the biggest investment we make in our lives and too many people get their tax bills, bitch about their tax bills, but have no idea how this ever increasing bill amount was reached. More recently, we worked with the Department of Finance to ensure folks victimized by Sandy had a fair chance of getting an accurate assessment of their property. Despite these efforts, Sandy victims are getting tax bills with increased assessments. Thus, on Tuesday, February 26, 2013 at 10:00 AM in the 16th Floor Committee Room at 250 Broadway, the Finance Committee will hold a hearing jointly with the Community Development Committee to hold an oversight hearing “Examining the New York City Department of Finance Assessment Practices.” I will keep you posted. By the way, below is a link to a pamphlet DOF created at our request which tries to take this confusing property tax calculation and turn it into digestible plain English we can almost understand.


http://www.nyc.gov/html/dof/downloads/pdf/brochures/class_1_guide.pdf
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