TC201 2022 fillable with auto-math. Be sure to enter the borough/block/lot in section 1. To use the fill-in and auto-math features, download by clicking the arrow icon (rather than using the printer icon). The borough field is a drop-down menu. The occupancy schedules in section 3 and 4 and the income and expense schedules in […]

Here are instructions for commonly-used Tax Commission forms, designed to address the issues that filers most frequently encounter. If you have questions about these forms, please feel free to contact us. TC101 instructions TC201 instructions TC200 instructions TC109 instructions for condo boards TC109 instructions for individual condo unit owners

New York City property owners have experienced hardship unlike anything that many of us have seen in our lifetimes. On January 15, the New York City assessor will publish the 2022 tentative assessment roll. The roll release coincides with the opening of the timetable to file a property tax appeal. As we emerge from the […]

In early June, the NYC Department of Finance issues its property tax bills for the fiscal year beginning July 1. Property owners sometimes receive shocking news when they open their new tax bill, learning of a sudden spike over prior years’ tax bills. When potential clients call, I review their assessment history. Sometimes these surges […]

The signs are everywhere: 188 vacancies counted on Broadway in May by the Manhattan Borough President Gail Brewer’s office; 82 empty storefrontsalong Madison, Lexington, Third and Second avenues between 57th and 96th streets; 37 stores vacant or for rent on Madison Avenue’s coveted retail sector stretching from East 57th Street to 77th Street; the Bleecker Street luxury corridor now riddled with vacancies. […]

For those property owners that fail to timely file RPIE statements, the NYC Department of Finance imposes financial penalties. Based on the assessment, these penalties can range from $300 to $100,00. DOF has indicated that — under certain conditions — it will accept late filing without imposing these penalties. The Department will be sending notices […]

The 2017/18 tentative assessment roll, released on January 15, is now final. What does this mean for taxpayers? The final assessment is the figure that New York City will use to calculate tax bills for the July 1 2017 – June 30 2018 fiscal year. Meanwhile the New York City Tax Commission will be conducting […]

The New York City Commissioner of Finance recently adopted rules establishing new procedures to correct old assessments in certain cases. These procedures allow up to six years to apply for an assessment correction. With very limited exceptions, the only procedure to challenge a real property assessment is under the Real Property Tax Law (or New […]

A well-established principle of tax certiorari case law is that a property’s sales price is usually the best indicator of a property’s value. A recent case explores the many caveats to this general rule and illustrates the pitfalls when a party indiscriminately relies on a property’s sale price. The property involved was country club and […]

The RPIE statement, required for income-producing properties, is due on June 1. The Department of Finance reports that this information is used to establish assessments for income producing properties, although a review of the annual notices of property value of many properties suggest that DOF does not always rely on these figures. Regardless, the penalties […]