QUESTION
Will the change in assessments between the tentative and final role differ from the typical 1% to 1.5% reductions this year?
5:26:18
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31 sec
The NYC Department of Finance does not anticipate any unusual factors that would lead to a change in assessments between the tentative and final role differing from the typical 1% to 1.5% reductions this year.
- Commissioner Preston Niblack states there's no anticipation of unusual factors this year.
- The process involves internal changes and tax commission actions on value or exemption status.
- A slight decrease in market value is expected, aligning with usual trends.
Justin L. Brannan
5:26:18
So is there anything happening this year that would that lead you to believe that the change in assessments between the tentative and final role will differ from the typical 1% to 1.5% reductions?
Preston Niblack
5:26:30
No, I think we I don't see anything unusual.
5:26:33
We typically, you know, it's a combination of changes by notice that we do internally or tax commission actions either on the value or on exemption status but I think we are expecting a slight decrease in market value in line with what we usually see.