Get NY TC600 2020
Defines market value as the price for which a property would ordinarily sell on the open market, based on its condition, ownership and use as of January 5th. Your property has a market value even if you do not plan to sell it. Market value estimates are based on recent sales, rent and operating expenses, construction costs, or a combination of these, for your property and similar properties in the area. 1. Tentative assessment. A real property tax assessment is a determination of a property.
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