Assessment Challenge (Tax Commission / Art. 7)
NYC Charter Ch. 7 §§ 163, 164-b, 166; NYC Admin. Code § 11-216; N.Y. Real Property Tax Law Art. 7
Under NYC Charter Chapter 7, an owner who claims their property is over-assessed (excessive), unequal, unlawful, misclassified, or improperly denied an exemption may file an annual application for correction of assessment with the NYC Tax Commission (Charter § 163), generally by March 1, extended to March 15 for Class 1 property (§ 164-b), as a prerequisite to judicial review. If the determination is unsatisfactory, the owner may commence an Article 7 (tax certiorari) proceeding in Supreme Court to review the Department of Finance's assessed valuation or tax class, which Charter § 166 requires be commenced before October 25 (i.e., by October 24).
Who must comply
Other DOF regulations
RPTT Rules (19 RCNY Ch. 23)
19 RCNY Chapter 23 (Rules Relating to the Real Property Transfer Tax)
STAR
N.Y. Real Property Tax Law § 425 (Basic & Enhanced STAR)
Coop/Condo Property Tax Abatement
N.Y. Real Property Tax Law § 467-a
Co-op/Condo Tax Abatement
N.Y. Real Property Tax Law § 467-a; N.Y.C. Admin. Code § 11-245.4; 19 RCNY Ch. 50
ICAP
N.Y. Real Property Tax Law §§ 489-aaaaaa to 489-kkkkkk; NYC Admin. Code §§ 11-268 to 11-278; 19 RCNY Ch. 36
NYC Property Tax Classes & Assessment Caps
N.Y. Real Property Tax Law Art. 18 §§ 1801-1806 (esp. § 1802 classification, § 1805 assessment increase caps)
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