Every January and now February, the Department of Finance mails New York City property owners a Notice of Property Value (NOPV). This important notice has information about your property's market and assessed values. To see your tax history go to https://tax.tidalforce.org To compare your bill against the mayor go to https://tax.tidalforce.org/#search/3010240018 and then enter your address or any address. The Department of Finance determines your property's value every year, according to State law. The Cityʼs property tax rates are applied to the assessed value to calculate your property taxes for the next tax year. You get your first tax bill for the year in June. If you believe the values or property descriptions on the NOPV are not correct. Click here http://www1.nyc.gov/site/finance/taxes/challenge-your-assessment.page for information on what you can do. There are many of these public meetings, but you should request that your assembly person and state senator hold public hearings on property tax reform. Thanks to the limit on State and Local Taxes reductions on your federal income tax some of the property owners that own expensive property or two homes will be affected. Our governor will fight for them. The net effect is our property tax will probably be raised. Already the current law S7000A raises assessments every year regardless of market value. We, the small property owners of New York City, should propose lowering New York City Property Tax. See https://tony.brooklyncoop.org/ and join the mailing list there. Here are all the public hearings/workshops: MORNING SESSIONS (10 A.M. TO 12 P.M.) FEB 4, 2020 Bronx Borough Hall, 851 Grand Concourse Rotunda, Bronx, NY 10451 FEB 5, 2020 David N. Dinkins Manhattan Municipal Building,1 Centre Street, North Mezzanine, New York, NY FEB 6, 2020 Staten Island Borough Hall, 10 Richmond Terrace, Room 125, Staten Island, NY 10301 FEB 11, 2020 Queens Borough Hall, 120-55 Queens Blvd. Atrium, Rotunda, Kew Gardens, NY 11424 FEB 12, 2020 Brooklyn Borough Hall, 209 Joralemon Street, Community Room, Brooklyn, NY 11201 EVENING SESSIONS (5 P.M. TO 7 P.M.) FEB 13, 2020 David N. Dinkins Manhattan Municipal Building,1 Centre Street, North Mezzanine, New York, NY FEB 24, 2020 Brooklyn Borough Hall, 209 Joralemon Street, Community Room, Brooklyn, NY 11201 FEB 25, 2020 Bronx Borough Hall, 851 Grand Concourse, Rotunda, Bronx, NY 10451 FEB 26, 2020 Staten Island Borough Hall, 10 Richmond Terrace, Room 125, Staten Island, NY 10301 FEB 27, 2020 Queens Borough Hall, 120-55 Queens Blvd, Atrium/Rotunda, Kew Gardens, NY 11424
Now there is a tool to approximate what your Coop Abatement credit should be. Of course, this may depend on your number of shares and the total number of shares in the cooperative that qualify for the abatement. But the application just assumes equal shares for all qualifying apartments. You can easily scale the number based on your particular cooperative share values. We recommend you read this document from New York City Department of Finance If you want to see other buildings, https://tax.tidalforce.org/abatement1.html#pay1 will help you compare to other buildings.
Let's take a real example:
Let's say you live at "215 EAST 74TH STREET". This is a cooperative building. You will see something like: