NYC Department of Finance G Property Division REQUEST TO UPDATE PROPERTY DATA FOR TAX CLASS 1 HOMES TM Finance Mail to: NYC Department of Finance, Property Division, 66 John Street, 12th Floor, New York, NY 10038 Attn: Property Data Update INSTRUCTIONS: This Request to Update Property Data is for owners of Tax Class 1 property, which generally includes residential property of up to 3 units (primarily 1-, 2- and 3-family homes and condominiums that are not more than three stories.) Please submit this form by March 15, 2011 if there are changes to the property data or if you disagree with the information provided on the latest Notice of Property Value (NOPV). Finance will evaluate information you have provided and make appropriate changes before we determine your next year's taxes. See the next page for detailed information and instructions. SECTION I - GENERAL INFORMATION Ownerʼs Indicate Name: _________________________________________________________________ Tax Year: ____________________ FIRST NAME LAST NAME Telephone: ______________________________________ E-mail:______________________________________________ Property Address: ____________________________________________________________________________________________ STREET NUMBER AND NAME CITY STATE ZIP CODE Borough:_______________________________ Block: __________________________ Lot: ________________________ SECTION II - PROPERTY INFORMATION UPDATE Only complete updates for items that have changed or if you disagree with the information provided on the latest NOPV. DESCRIPTIVE PROPERTY DATA 1. Building Frontage ......................... 3. Story Height.................................. 5. Commercial Square Footage ....... REQUESTED UPDATE 2. 4. 6. Building Depth .............................. Finished Square Footage ............. 7. Unfinished Square Footage.......... 9. Lot Square Footage...................... 8. ONLY Living Area Square Footage......... Garage Square Footage............... 10. Year Built ...................................... 11. Style.............................................. 12. Construction Type......................... 13. Construction Quality ..................... SUBMIT CHANGED 14. Exterior Wall ................................. 15. Exterior Condition ......................... 16. Number of Commercial Units ....... 17. Number of Residential Units......... 18. Tax Classification.......................... ________________________________________ Ownerʼs Signature Visit Finance at nyc.gov/finance DATA _________________________ Date Request to Update Property Data for Class 1 Homes American LegalNet, Inc. www.FormsWorkFlow.com 1/14/11 Request to Update Property Data For Tax Class 1 Homes INSTRUCTIONS Reason to File this Form. Use this form to request an update of the descriptive data contained in the annual Notice of Property Value (NOPV). Only submit items that have changed or if you disagree with the information provided on the latest NOPV. Write changes in the "Requested Update" column. Note: Changes in data may affect Finance's estimate of your property's market value although they might not affect the assessed value on which your taxes are calculated. Where to File this Form. Mail this form, along with a copy of your annual Notice of Property Value, to the NYC Department of Finance, Property Division, 66 John Street, 12th Floor, New York, NY 10038 Attn: Property Data Update. Deadline for Filing this Form March 15, 2011 Definitions of Property Data: 1. 2. 3. 4. 5. 6. 7. 8. 9. Building Frontage - the length of the building front, measured in feet. Building Depth - the length of the building (in feet) measured from the front to the back. Story Height - the number of above-ground floors (in feet) measured, from ground to roof. Living Area Square Footage - the total # of square feet designated for residential use. Commercial Square Footage - the total finished area designated for commercial use (e.g., office, retail, storage, loft, factory, etc). Finished Square Footage - the total square footage of finished (i.e., insulated and drywalled) area in the property, including all full stories, finished partial stories, and finished basement living area. Unfinished Square Footage - non-insulated, non-drywalled or partitioned areas. Garage Square Footage - the total square footage designated for the storage of 1 or more automobiles. Lot Square Footage - the frontage of the land multiplied by the depth of the land. 10. Year Built - the year building construction began. 11. Style - Brownstone, Bungalow, Cape Cod, Colonial, Condominium, Conventional, High Ranch, Old Style, Ranch, Row, Split Level, Townhouse, Tudor, or Other/Unique. Page 2 12. Construction Type - Frame, Brick, Cinder Block, Stone, Cinderblock and Brick, or Other. 13. Construction Quality - A+ grade, A grade, B grade, C grade, D grade or E grade. G G G G G G A+ grade: Buildings have an outstanding architectural style and design A grade: Buildings are architecturally attractive and are constructed with excellent quality materials and workmanship B grade: Buildings are constructed with good quality materials and above average workmanship C grade: Buildings are constructed with average quality materials and workmanship D grade: Buildings are constructed with economy quality materials and fair workmanship E grade: Buildings are constructed with a very cheap grade of material and poor workmanship. 14. Exterior Wall - Aluminum/Vinyl, Artificial Masonry, Combination, Composition, Expensive Wood, Wood, Expensive Masonry, Masonry or Stucco. 15. Exterior Condition - Excellent, Good, High Average, Average, Low Average or Poor. 16. Number of Commercial Units - the total number of units used for commercial use. 17. Number of Residential Units - the total number of units used for residential use. 18. Property Tax Class - State law requires that Finance assign every property to one of four tax classes: G G G G Class 1: Includes most residential property of up to three units (one-, two-, and three-family homes and small stores or offices with one or two apartments attached), and most condominiums that are not more than three stories. Class 2: Includes all other property that is primarily residential, such as cooperatives and condominiums. Class 3: Includes property with equipment owned by a utility company. Class 4: Includes all commercial or industrial property, such as office or factory buildings. American LegalNet, Inc. www.FormsWorkFlow.com