Incompetence abounds in the Department of Finance Queens Borough Assessment Office. In this example a Queens assessor
increased the vacant building to the right by $92,000 for the 2009/2010 assessment roll. The "NOTICE OF PROPERTY VALUE"
posted on the Finance WEB site indicates that the assessment was increased from $514,000 to $606,000 based on the following
- Estimated gross income at $68,805
- Gross income multiplier of 8.800 which is our estimate of the relationship between the property's income and the
property's market value.
Did anyone inspect the building?
Examine NYC Department of Finance NOTICE OF PROPERTY VALUE
This is just one of many assessment errors that our firm has uncovered.
Protect yourself by hiring experts to monitor and appeal your property tax assessments.