The Department of Finance (DOF) determines your property's tax classification based on requirements set out in New York State Real Property Tax Law. Depending on the tax class, market values are determined based on an analysis of sales, income data, or the cost of reproducing the building.
If you need more information about the market value of your property, you can get help from the Borough Assessor's Office.
Income-Producing Properties
The Department of Finance needs income and expense information from income-producing properties to determine the market value.
If you own an income-producing property in a Tax Class other than Tax Class 1, you’re required to file a Real Property Income and Expense Statement (RPIE) or a Claim of Exclusion, unless you are exempt by law. If you own a class 1 property with a ground- or second- floor storefront you may be required to file a registration statement.
Learn more about the storefront registration on the Storefront Registration page.
Request for Review applications must be filed online or postmarked by the due date. Deadlines cannot be extended.
2022/2023 Tax Year
You can file a Request for Review (RFR) of your market value online or by mail.
Online
If you file online, a response from DOF will be faster, and you will get a confirmation number to track your request.
By Mail
To file by mail, you need to complete an application corresponding to your property’s tax class. You can download it online or request a copy by mail.
Download the Request for Review application for:
Request the application for:
If you filed more than four weeks ago and haven't received a response yet, you can request the status.
If you have questions about the Department of Finance’s decision as a result of your request for review, contact the Borough Assessor's Office.
If you think the Department of Finance made a clerical mistake or error in description in determining your property’s assessed value or market value, you can file a Request for Administrative Review for up to 6 years in the past.
If you want to challenge the latest assessed value or market value on your Notice of Property Value, requesting an administrative review isn't the best option. A Tax Commission appeal, Request for Review (RFR), or Request to Update (RTU) property data may be more appropriate.
Tax Classes
Every property in New York City is assigned to a tax class based on the property's size and how it is used.
| Tax Class 1 | Tax Class 2 |
|---|---|
1-, 2-, and 3-family homes Condo buildings that are 3 stories or less Small stores or offices with 1-2 apartments attached Vacant land that is zoned for residential use | Property that isn't in Class 1 and is mostly residential Primarily residential property with 4 or more units Co-op and condo buildings that are 4 stories or higher Small stores or offices with 2 or more apartments attached |
| Tax Class 3 | Tax Class 4 |
Property with equipment owned by a gas, telephone, or electric company | All other commercial and industrial property, such as offices and factories Vacant land that is not zoned for residential use |
NOPV Information and Assistance
To learn about NOPVs and how the City assesses your property and calculates your taxes, view a glossary of terms, and access other resources visit the Property Value and Assessment page.
You can learn about your NOPV at a virtual outreach session. Learn more and get the list of events on the Department of Finance Public Events page.
