ReducING nyc Property Taxes
It may be true that “Nothing in life is certain except death and taxes,” but at least there are a few ways New York City homeowners can try to reduce their property taxes. Here are some options:
Apply for property tax exemptions: https://www1.nyc.gov/site/finance/benefits/property-related-benefits.page
If you believe the Department of Finance has made an error in determining your market value, you may submit a “Request for Review” form.
To update the property information that appears on page 3 of your NOPV, file a “Request to Update” form with the Department of Finance.
You can challenge your Assessed Value by appealing with the NYC Tax Commission, an independent agency.
Be sure to submit the correct form for the correct year correctly!
If you have questions or want to be sure you have the most current property tax application, contact 311 or the NYC Department of Finance at 212-602-7004.
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