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The assessed value of a property is calculated based on the property's "market value", an assessment ratio set annually by the New York City Department of Finance and the Nassau County Assessor, and certain assessment rules set by state law. New York City and Nassau County are legally obligated by RPTL section 738 and N.Y.C. Admin.
The Basic STAR is open to the primary residence of any New York State resident and exempts $30,000 from the true value of a home or property. The Enhanced STAR, for eligible senior citizens at or above age 65, exempts an annually variable amount ($65,300 for the 2015-2016 school year) from the true value of their primary residence. [2]
The New York City Department of Finance (DOF) is the revenue service, taxation agency and recorder of deeds of the government of New York City. [2] Its Parking Violations Bureau is an administrative court that adjudicates parking violations, while its Sheriff's Office is the city's primary civil law enforcement agency.
During the last reappraisal in 2020, residential property values in Hamilton County went up 14% while the average property tax bill went up 6%, according to the Hamilton County auditor and treasurer.
Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from ...
The borough of Queens consists of what formerly was only the western part of a then-larger Queens County. In 1899, the three eastern towns of Queens County that had not joined the city the year before—the towns of Hempstead, North Hempstead, and Oyster Bay—formally seceded from Queens County to form the new Nassau County. [9]
According to assessor records from 2013-2014, as reported by the New York Post, Stewart's former property was given an estimated market value of $1.882 million and an actual assessed value of ...
Uniform Physical Condition Standards (UPCS) is the name used to refer to a set of standards used by inspectors working for the United States Department of Housing and Urban Development (HUD) and the Real Estate Assessment Center (REAC) to assess the physical condition of public housing units and housing units which are insured by or assisted under various programs of HUD. [1]
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