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NOTICE OF PROPERTY VALUE



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

What is the Notice of Value?
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January 15, 2006
MCGOWAN ANNA Property Address:
749 55TH ST 749 55 STREET
BROOKLYN NY 11220-3217 Borough Block Lot
BROOKLYN 826 59
Tax Class: 2A
Units: 6 residential
CURRENT TAX YEAR CHANGE TAX YEAR 2006/07
(7/1/05 - 6/30/06) (7/1/06 - 6/30/07)
The Department of Finance estimates the value of your property as follows:
 Market Value =                        $210,000            +42,000             $252,000
 Assessed Value =                       $50,882            -13,082              $37,800
 Exemption Value =                           $0                 +0                   $0
 Taxable Value =                        $50,882            -13,082              $37,800
 Value that Your Tax is Based On =                                              $84,000

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, 2006.
THIS IS NOT A BILL
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