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 Application for Correction of Assessed Value  NYC Gov  Nyc 2012

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hi my name is Timothy shears Deputy Commissioner with the New York City Department of Finance if you are a property owner you will be receiving a notice a property value letter what we refer to as the nopv nopv is not a bill but it's an important document that is often ignored and it should not be nopv is used to determine your property taxes so let me walk you through the nopv for tax class 1 properties which are one to three family homes important information on the nopvr the market value the assessed value and the effective market value if you have an exemption it will be noted here definitions for each are also located on the front of the notice of property value letter for tax Class 2 and task class 4 properties which are residential apartment buildings and all other commercial properties important information is the market value your actual assessed value and your transitional assessed value again definitions for each are located on the front of the notice of property val

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