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Not valid if filed separately. File TC309 with an application or supplemental application and Form TC201, the Tax Commission s schedule of income and expenses for rent-producing properties, for a parcel having a tentative actual assessed valuation of $5,000,000 or more, and income exceeding $100,000, as stated in Form TC201. An accountant s certification is required only for rent-producing properties. TC309 is not required when the Tax Commission prescribes use of a schedule other than Form.

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How to fill out the NY TC309 online

The NY TC309 form, the accountant's certification, is essential for property owners submitting applications to the Tax Commission of the City of New York. This guide provides clear, step-by-step instructions to help users reliably complete the form online.

Follow the steps to fill out the NY TC309 online effectively.

  1. Press the ‘Get Form’ button to access the NY TC309 form and ensure it opens in your online editor.
  2. Identify the property for which you are submitting the form. Complete the sections for borough, block, lot number, and assessment year as indicated on the form.
  3. Fill in the applicant's name, which should include the name of the property owner or representative.
  4. In the independent auditor’s report section, the accountant must provide their opinion regarding the accompanying Form TC201, ensuring that it has not been modified or altered.
  5. Select the basis of accounting used for the schedule: either 'accrual basis' or 'cash basis' as per the options provided.
  6. Complete any details required for other income and expense items that may be excluded from Form TC201.
  7. Ensure all footnotes and additional disclosures are filled out as needed to clarify the financial information provided.
  8. The certified public accountant must sign the form, providing their printed name and firm details as required.
  9. Once all fields are completed, save your changes, and download, print, or share the form as needed.

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The Tax Commission cannot raise assessments and filing a challenge is free unless a property's assessed value exceeds $2 million; for higher-value properties, the fee is $175. Lawyers who specialize in disputing assessments, known as tax certiorari attorneys, generally work for a contingency fee.

Real estate tax certiorari is the legal process by which a property owner can challenge the real estate tax assessment on a given property to reduce its real estate taxes.

Welcome to TC309 The Certification consists of an independent auditor's report which the auditor uses to express an opinion on the schedule of income and expenses reported on Form TC201.

The Tax Commission is the City of New York's forum for independent administrative review of annual real property tax assessments set by the NYC Department of Finance. The Tax Commission is a separate agency independent of the Department of Finance.

Auditors examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. or advise on systems of recording costs or other financial and budgetary data.

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