Untitled Document NYCProperty Home Page Department of Finance Home Page Department of Environmental Protection Home Page NYC.GOV Home Page Select a Borough-Block-Lot Statements List

nyc.gov/finance

NOTICE OF PROPERTY VALUE



View January 15, 2009 - NOTICE OF PROPERTY VALUE
View January 15, 2008 - NOTICE OF PROPERTY VALUE
View February 10, 2006 - NOTICE OF REVISED PROPERTY VALUE
View January 15, 2006 - NOTICE OF PROPERTY VALUE
View January 15, 2005 - NOTICE OF PROPERTY VALUE

What is the Notice of Value?
(A new window will open.)
January 15, 2007
#BWNFFBV
#4100972070115010#
PARK AVENUE HALL HDFC Property Address:
MARY BONCHER 1351 Park Avenue
1690 LEXINGTON AVE Borough Block Lot
APT 5 Manhattan 1629 172
Tax Class: 2C
Units: 10 Residential
CURRENT TAX YEAR CHANGE TAX YEAR 2007/08
(7/1/06 - 6/30/07) (7/1/07 - 6/30/08)
The Department of Finance estimates the value of your property as follows:
Market Value =                             $450,000          +900,000         $1,350,000
Assessed Value =                           $163,762           +13,100           $176,862
Exemption Value =                          $112,367            -7,545           $104,822
Taxable Value =                             $51,395           +20,645            $72,040
Exemption: Div Of Alt Mgmt Prog
Value that Your Tax is Based On =                                               $393,026

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.
If you wish to challenge these values, you must apply to the Tax Commission by March 1, 2007.
THIS IS NOT A BILL
blank.gif (43 bytes)
blank.gif (43 bytes)

footer  

Statements List | Select a BBL | Logon to NYCProperty