NYC Department of Finance Property Division REQUEST FOR REVIEW OF PROPERTY TAX ASSESSMENT G MAIL TO: NYC Department of Finance, Property Division, 66 John Street, 12th Floor, New York, NY 10038 Attn: Valuation Policy INSTRUCTIONS: This Request for Review of Property Tax Assessment is only for owners of apartment building, office, warehouse, condominium and cooperative, and other commercial properties (i.e., Tax Class 2 and Tax Class 4). See the next page for more detailed information and instructions. PART A - GENERAL INFORMATION Ownerʼs Name: Notice of Property Value for Tax Year: Property Address: Employer Identification Number/ Social Security Number: Borough: Block: Contact Name: (only if different from owner) Lot: Contact Address: (only if different from property address) Telephone: Fax: Zip Code: Zip Code: E-mail: PART B - PROPERTY INFORMATION Property Uses: Number of Buildings: Is Part of the Property Rented? K Yes What Part is Occupied by the Taxpayerʼs Family or Business? Total Number of Floors: K No K All Number of Residential Units: Number of Commercial Units: If commercial space or more than two apartments are rented, complete and attach an income and expense schedule on form RPIE for the most recently ended calendar year or the taxpayerʼs fiscal year. K None K Part: PART C - ERROR IN PROPERTY DESCRIPTION OR VALUATION Check the applicable statements and attach additional documents or calculations as necessary to explain your request. 1. 2. The property is misclassified. The correct class is: ............................................... Provide a copy of the buildingʼs Certificate of Occupancy, if available. K2 K3 K4 Valuation Errors (check all that apply) a. b. c. 3. K1 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: _________________ Please attach a copy of the filed electronic RPIE with claimed Income and Expenses and/or a certified architect's letter to support claimed square footage. 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 NUMBER AND STREET ADDRESS a. _______________________________________________________________________________________________ b. _______________________________________________________________________________________________ c. _______________________________________________________________________________________________ ___________________________________________________ Ownerʼs Signature Visit Finance at nyc.gov/finance / / _____________ _____________ _____________ Date Request for Review 2009/2010 08/31/09 American LegalNet, Inc. www.FormsWorkFlow.com Request for Review of Property Tax Assessment - 2009/2010 Page 2 INSTRUCTIONS This Request for Review of Property Tax Assessment is only for owners of apartment building, office, warehouse, condominium and cooperative, and other commercial properties (i.e., Tax Class 2 and Tax Class 4). Reason to file this form. Use this optional form to request a review of Financeʼs determination 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. Note that in some cases, a change in your propertyʼs market value or description will not affect the assessed value on which your taxes are calculated. 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 3rd (or March 17th for Class 1 property). Tax Commission forms may be obtained at the Finance Borough Business Centers, from the Cityʼs web site, or by telephone. An application to the Tax Commission preserves your right to judicial review, including the Small Claims Assessment Review Program available for many owner-occupied residences. 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 a Finance review of your property tax assessment 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. Where to file this form. Mail this form to the NYC Department of Finance, Property Division, 66 John Street, 12th Floor, New York, NY 10038, Attention: Valuation Policy. 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: Tax Class 2 - April 23rd Tax Class 4 - April 23rd For further information 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-NEWYORK (212-639-9675). American LegalNet, Inc. www.FormsWorkFlow.com