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 27, 2009 - NOTICE OF PROPERTY VALUE
View January 15, 2007 - NOTICE OF 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, 2008
Owner Name:
#BWNFFBV MUNNO, KENNETH
#5379430080115018# ROTH, LORETTA P
MUNNO, KENNETH Property Address:
638 PROSPECT PL 638 PROSPECT PLACE
BROOKLYN, NY 11216-3509 Borough Block Lot
BROOKLYN 1231 23
Tax Class: 1
Units: 1 RESIDENTIAL
CURRENT TAX YEAR CHANGE TAX YEAR 2008/09
(7/1/07 - 6/30/08) (7/1/08 - 6/30/09)
The Department of Finance estimates the value of your property as follows:
Market Value =                             $734,000            +7,000           $741,000
Assessed Value =                            $11,966              +716            $12,682
Exemption Value =                                $0            +1,230             $1,230
Taxable Value =                             $11,966              -514            $11,452
Exemption: BASIC STAR
Value that Your Tax is Based On =                                               $211,366

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 6% 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 17, 2008.
THIS IS NOT A BILL

DETAILED VALUE INFORMATION

Building Class: A4 - One-family dwelling
Market Value: Finance estimates that as of January 5, 2008 the market value for your
property is $741,000. We estimated your property's market value using the comparative
sales method described below.
Comparative Sales Method - Finance estimated your property's market value by
examining sales prices of similar properties. These properties are selected based on
characteristics that they have in common with your property. Finance arrives at your
property's market value by adjusting for any differences between it and those that
sold. Finance has the following information on record for your property and considers
it when selecting the appropriate comparable properties.
Zoning:               R6               Style:                Brownstone
Lot Frontage:         18.00ft          Exterior Wall:        Masonry
Lot Depth:            131.00ft         Garage Type:          N/A
Lot Shape:            Regular          Residential Units:    1
Lot Square Footage:   2,358            Finished Sq.Footage:  2,268
Commercial Units:     0                Commercial Sq. Ftg.:  0
Story Height:         2.00             Garage Sq. Footage:   0
Building Frontage:    18.00ft          Unfinished Sq. Ftg.:  0
Building Depth:       42.00ft          Neighborhood Type:    Residential
Construction Type:    Brick
Year Built:           1901
Exterior Condition:   Average
blank.gif (43 bytes)
blank.gif (43 bytes)

footer  

Statements List | Select a BBL | Logon to NYCProperty