Research Your Property I

NYC’s Property Value

This is the first in what will become a series of articles on doing your own homework on a property. It could be your own, something you’re looking to buy, or if you just want to be a nosey neighbor. Either way, all of these articles will walk you through obtaining property information through NYC websites. All of the information you will find is considered “public records” (readily available to the public)

Note: While you could do all of this on your own, a REALTOR has easy access to this info and would be willing to provide with what ever you need.

How to find the NYC Property Value:

Visit the property section of the NYC Finance Website

1. Click on the ‘Valuation / Assessment’ link.
2. Scroll all the way to the bottom and look under ‘Related Links’
3. Click on the ‘View Assessment Roll / Notice of Property Value’ link
4. In the new window that will pop-up, you can search by Block and Lot number (which you probably won’t know) or click on the ‘click here to search by address‘ link
   • I included the link here as a shortcut to bypass all of the other steps. You can use the other steps but then you’ll miss the opportunity to explore on your own.
5. Select the Borough and enter the Property’s Address and Street.
6. Click ‘Search’
7. You will now see the Block and Lot numbers, as well as the owner and Property Address.
8. Click on the most recent ‘Market Value History Link’ and you will see the city’s property value assessment for current and prior years.

Example:

These are the numbers the city will use to determine how much property tax you will pay annually. If you feel this number is too high, you can appeal it. Of course, be aware that the city may re-evaluate your property at a higher number.