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NYC Department of Finance Property Division REQUEST FOR REVIEW OF PROPERTY VALUE FOR TAX CLASS 2 PROPERTIES l NYC Department of Finance, Property Division, Attn: Assessment Review, 66 John Street,.

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How to fill out the Request For Review Class 2 - NYCgov online

The Request For Review Class 2 form allows property owners in New York City to contest the estimated market value or classification of their property. This guide provides clear, step-by-step instructions to fill out the form online, ensuring you provide all necessary information accurately.

Follow the steps to complete your Request For Review Class 2 form

  1. Press the ‘Get Form’ button to obtain the form and open it in your preferred editor.
  2. Begin filling out Section I: General Information. Provide all property information, including the block, borough, street number, and lot. Indicate your ownership status as either 'Owner' or 'Representative'.
  3. Complete the owner information section by adding your first name, middle initial, last name, and company name if applicable. Fill in your contact information including street address, city, state, zip code, and telephone number.
  4. Proceed to Section II: General Property Information. Indicate the number of buildings on the lot and if any part of the property is rented by selecting 'Yes' or 'No'. Fill in the number of residential and commercial units as required.
  5. Move on to Section III: Property Valuation You Believe Is Incorrect. Check the applicable statements regarding misclassification or valuation errors. Provide supporting documents or calculations as needed.
  6. In this section, also fill in any relevant details of comparable rental properties, including their borough, block, lot, address, and relevant data.
  7. Complete the certification section by signing the form, printing your name, and dating it. Ensure that all information is accurate and true to the best of your knowledge.
  8. Once you have thoroughly completed the form, save your changes. You may then download, print, or share the form as needed.

Complete the Request For Review Class 2 form online to ensure your property valuation is reviewed.

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To be eligible for a homeowner tax rebate credit in 2022, you must have: qualified for a 2022 STAR credit or exemption, had income that was less than or equal to $250,000 for the 2020 income tax year, and. a school tax liability for the 2022-2023 school year that is more than your 2022 STAR benefit.

The Request for Review form enables New York City property owners to provide supporting information to review their property's estimated market value or building classification found on the Annual Notice of Property Value.

You can apply for benefits that can help you save on your property tax bill. New York City and New York State offer homeowners property tax relief in the form of exemptions, abatements, and credits....Programs include: 421a Exemption. Green Roof Abatement. J-51 Program. Major Capital Improvement (MCI) Abatement.

How To Lower Property Taxes: 8 Tips Limit Home Improvement Projects. ... Research Neighboring Home Values. ... See If You Qualify For Tax Exemptions. ... Participate During Your Assessor's Walkthrough. ... Check Your Tax Bill For Inaccuracies. ... Get A Second Opinion. ... File A Tax Appeal. ... Consider A Refinance To Reduce Your Property Tax Burden.

Filing the grievance form 516-571-2391. File the grievance form with the assessor or the board of assessment review (BAR) in your city or town. If your property is located in a village that assesses property, you will have two assessments, one for the village and one for the town.

For class 2, the assessment percentage is 45%; your market value is multiplied by 45% to arrive at the assessed value.

You can challenge your Assessed Value by appealing with the NYC Tax Commission, an independent agency....The Tax Commission can: reduce your property's assessment; change its tax class; adjust exemptions.

Age eligibility Each of the owners of the property must be 65 years of age or over, unless the owners are: husband and wife, or. siblings (having at least one common parent) and. one of the owners is at least 65.

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