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NOTICE OF PROPERTY VALUE



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What is the Notice of Value?
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January 15, 2005
UNGAR-HOELLER, ELISABETH Property Address:
3M 583 BROADWAY
583 BROADWAY Borough Block Lot
NEW YORK NY 10012-3211 MANHATTAN 512 1201
Tax Class: 2
Units: 1 residential
CURRENT TAX YEAR CHANGE TAX YEAR 2005/06
(7/1/04 - 6/30/05) (7/1/05 - 6/30/06)
The Department of Finance estimates the value of your property as follows:
 Market Value =                        $352,945            -36,219             $316,726
 Actual Assessed Value =               $158,825            -16,298             $142,527
 Actual Exemption Value =                    $0            +87,758              $87,758
 Transitional Assessed Value =         $157,237             -1,092             $156,145
 Transitional Exemption Value =              $0            +87,758              $87,758
 Taxable Value =                       $157,237           -102,468              $54,769
Exemption:  ICIP REG. COMML EX

Market Value: Finance estimates your market value in one of three ways - based on recent comparable sales; the income that your property generates; or the cost of constructing your property.
Assessed Value: Finance multiplied your property's market value by an assessment ratio of 45% in order to determine the assessed value. However, in some cases, this assessed value may be lower than the assessment ratio percentage because of legal limitations.
Exemption Value: Is the value of any exemptions currently on Finance's records.
Taxable Value: Is equal to the assessed value less any applicable exemptions.
Exemption(s): Describes the exemptions that you are currently entitled to according to Finance's records.
THIS IS NOT A BILL
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