Author Topic: Challenge NYC property tax  (Read 969 times)

Offline upside down

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Challenge NYC property tax
« on: February 18, 2023, 09:34:01 PM »
My home property taxes went up a lot this year.
They reassessed it based on renovations.
Which firms deal with this?
Thank you

Offline whacked1

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Re: Challenge NYC property tax
« Reply #1 on: February 18, 2023, 10:05:09 PM »
I dont know if they do single family, but you can try Moshe Goldberger (MPG) or Lawrence Berger

Offline buchir

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Re: Challenge NYC property tax
« Reply #2 on: February 18, 2023, 10:14:14 PM »
My home property taxes went up a lot this year.
They reassessed it based on renovations.
Which firms deal with this?
Thank you
https://www.retaxservice.com/

Offline BarryLincoln

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Re: Challenge NYC property tax
« Reply #3 on: February 19, 2023, 05:57:05 AM »
Maidenbaum?

Offline lifetimedeals

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Re: Challenge NYC property tax
« Reply #4 on: February 21, 2023, 03:13:31 PM »
My home property taxes went up a lot this year.
They reassessed it based on renovations.
Which firms deal with this?
Thank you
They came down and saw renovations?

Offline dovy2

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Re: Challenge NYC property tax
« Reply #5 on: February 21, 2023, 04:55:19 PM »
Take a look at the notice of property value, if you want the challenge, you're challenging the much smaller amount (taxable assessed value).. so you may not be able to prove much

Offline skyguy918

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Re: Challenge NYC property tax
« Reply #6 on: February 21, 2023, 05:49:34 PM »
Take a look at the notice of property value, if you want the challenge, you're challenging the much smaller amount (taxable assessed value).. so you may not be able to prove much
Not exactly. This is straight from the second page of the 'Notice of Property Value' they send every January:
Quote
After applying the legal caps on your assessed value, we are able to determine your effective market value, which is the market value you are “effectively” paying taxes on. The effective market value is computed by dividing your assessed value by 6%. This number will be important should you choose to challenge our determination of your market value, as your property tax will not go down unless you can prove that your market value should be lower than the effective market value.
So for example, the number they show for my market value this year is probably on the upper edge of what I could get for my house. But the effective market value is a good 25-30% lower, so it doesn't matter yet that they might be over-valuing it.