Every NYC homeowner’s property tax statement is public record and can be found on the Department of Finance website. While this guide primarily caters to condo and house owners, co-op owners may find this resource beneficial too. Understanding how property taxes work when buying a home is of vital importance; they typically make up a substantial part of your monthly mortgage payment. Assessed value Property tax assessments for online property taxes typically follow this formula: A percentage of its market value. The assessment value can be influenced by local real…
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