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TM New York City Department of Finance SECTION A: PROPERTY INFORMATION Finance A P P L I C AT I O N F O R C O N D O M I N I U M A P P O RT I O N M E N T A N D A P P ROVA L G Division of Land Records.

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To estimate your annual property tax: Multiply the taxable value of your property by the current tax rate for your property's tax class. Property tax rates change each year, as well as the value of exemptions and abatements. The actual taxes you pay in July might be different.

Calculating your annual NYC property taxes For this example we'll use a Class 1 home with a market value of $500,000 and assessment ratio of 6%. Using the figures above, the tax rate is 21.045%. In this example you would owe a total of $6,313.50 annually in property taxes or roughly $526 monthly.

A tax lot is a parcel of land identified with a unique borough, block and lot number for property tax purposes. A zoning lot comprises one or more adjacent tax lots within a block.

Dividing lots into two or more individual lots is called a lot subdivision or lot apportionment. In NYC this must be filed with DOF and often with DOB. Depending on the zoning there may be regulations including minimum lot width and lot area that must be adhered to in order to divide the property.

Filing for a Lot Merger in NYC When merging lots in NYC you will need to file with DOB and DOF if you are planning a new building or if there are existing buildings on the property. You will begin the process with DOF by filing an RP602 in order to get a tentative tax lot number.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232