Don't Miss The Window To Challenge NYC Property Taxes

Law360, New York (February 7, 2013, 11:49 AM EST) -- New York City faces a continuing decline in state and federal funding. Increased property taxes continue to be a reliable revenue stream to fund local services.

Every Jan. 15, the NYC Department of Finance (DOF) sends to each owner of NYC commercial real property a Tentative Assessment setting forth (i) the market value of the lot, including improvements, (ii) the actual assessed value of the lot, and, most importantly, (iii) the value upon which the lot will be taxed for the upcoming fiscal year.

The property...
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