What to Do if You Think Your Notice of Property Value Has the Wrong Information

If you think the Notice of Property Value (NOPV) has the wrong information about your property, you can let the City know. There are strict deadlines and guidelines if you want to take action. Your tax class determines when and how to do this.

Correcting values you believe are incorrect on your NOPV - The NYC Tax Commission can change your property’s tax class, reduce its assessment, or adjust exemptions. You do not need an attorney to file with the Tax Commission, and you are not required to attend a personal hearing (unless you wish to do so).

If your NOPV has a line called “Effective Market Value,” you must prove that your property’s value is less than its “effective market value” for the Tax Commission to lower your assessment.

The Tax Commission must receive your application for correction by March 5 (Classes 2, 3, and 4) or March 19 (Class 1 only). Do not miss your deadline.
Visit Tax Commission website

Correcting the description on your NOPV – You can submit forms to Finance to review the market value or property description if you believe they are not correct. Please note that submitting these forms to Finance is not how you ask for a change in your assessment. Even if Finance agrees to change your market value or property description, it is not likely to affect change your assessment for this year. If you are looking to change your assessed value, you must go to the Tax Commission.

Assessment/Valuation Forms
 Forms & Publications