TM INSTRUCTIONS: This Request for Review of Property Value is only for owners of apartment building, office, warehouse, condominium, cooperative and other commercial properties (Tax Class 2 and Tax Class 4). See the next page for detailed information and instructions. PART A - GENERAL INFORMATION MAIL TO: NYC Department of Finance, Property Division, 66 John Street, 12th Floor, New York, NY 10038 Att: Valuation Policy Finance REQUEST FOR REVIEW OF PROPERTY VALUE FOR TAX CLASS 2 AND 4 PROPERTIES NYC Department of Finance G Property Division Ownerʼs Name: Notice of Property Value for Tax Year: Property Address: Borough: Employer Identification Number/ Social Security Number: Block: Lot: Zip Code: Contact Address: (only if different from property address) Telephone: Contact Name: (only if different from owner) Fax: E-mail: Zip Code: PART B - PROPERTY INFORMATION Property Uses: PART C - ERROR IN PROPERTY DESCRIPTION OR VALUATION What Part is Occupied by the Taxpayerʼs Family or Business? 1. 2. Is Part of the Property Rented? Number of Buildings on Lot: K Yes K No Number of Residential Units: Check the applicable statements and attach additional documents or calculations as necessary to explain your request. The property is misclassified. The correct class is: ............................................... Provide a copy of the buildingʼs Certificate of Occupancy, if available. Valuation Errors (check all that apply) a. c. b. K All If six or more rental units, including one or more commercial units, a copy of an electronically filed Real Property Income and Expense (RPIE) schedule for the most recently ended calendar year or the taxpayerʼs fiscal year is required. Number of Commercial Units: K None K Part: K1 K2 K3 K4 3. Residential Cooperatives or Condominiums Rental Comparables (List the borough, block, lot and address of the rental properties to be verified as comparables.) BOROUGH BLOCK LOT Please attach a copy of a certified architect's letter to support claimed square footage. K K K Finance incorrectly estimated gross income. The correct gross income is: $ ___________________________ Finance incorrectly estimated gross expense. The correct gross expense is: $ __________________________ Finance incorrectly estimated gross square footage. The correct gross square footage is: _________________ a. _______________________________________________________________________________________________ b. _______________________________________________________________________________________________ c. _______________________________________________________________________________________________ ___________________________________________________ Ownerʼs Signature _____________ _____________ _____________ Date American LegalNet, Inc. www.FormsWorkFlow.com NUMBER AND STREET ADDRESS Visit Finance at nyc.gov/finance / Request for Review Class 2 Rev. 03.01.10 / Request for Review of Property Value for Tax Class 2 and 4 Properties Reason to file this form. Use this form to request a review of your propertyʼs market value if you believe Finance has incorrectly estimated the gross income, gross expense or gross square footage of your property. Property owners may also use this form to request a correction of the propertyʼs tax classification. In some cases, a change in your propertyʼs description will not affect the assessed value on which your taxes are calculated. This Request for Review of Property Value is only for owners of apartment building, office, warehouse, condominium, cooperative and other commercial properties (Tax Class 2 and Tax Class 4). I NSTRUCTIONS Page 2 a Finance review of your property value is appropriate for owners who seek to correct a propertyʼs tax class or market value, only if Finance has incorrectly estimated the property's gross income, gross expense or gross square footage. Mail this form to: Where to File This Form NYC Department of Finance, Property Division, 66 John Street, 12th Floor New York, NY 10038 Att: Valuation Policy Application to the Tax Commission. If you believe your assessed value, exemptions or tax class are incorrect, you may file an application for correction with the Tax Commission. The deadline for filing an application with the Tax Commission is March 1. Tax Commission forms may be obtained at the Finance Borough Business Centers, from the Cityʼs web site, or by calling 311. An application to the Tax Commission preserves your right to judicial review. When to file this form. Finance reviews property values annually and publishes tentative assessments by January 15. These assessments apply to the City tax year that begins on the following July 1. The deadline for filing this form is April 23. Visit Financeʼs website at nyc.gov/finance, the Tax Commission website at nyc.gov/html/taxcomm, or call 311. If calling from outside of the five NYC boroughs, please call 212-NEW-YORK (212-639-9675). American LegalNet, Inc. www.FormsWorkFlow.com Filing with the Department of Finance versus the Tax Commission. Appealing to the Tax Commission is appropriate if you seek correction of a propertyʼs assessed value, exemption or tax class. Requesting For Further Information