Q&A
Commissioner Niblack explains Department of Finance's constraints and assessment factors
3:42:08
·
54 sec
Commissioner Preston Niblack explains the constraints and factors considered in the Department of Finance's property tax assessment process. He addresses Council Member Restler's concerns about transparency and fairness.
- Niblack mentions that comparable information for every coop and condo building assessment is published on their website.
- He acknowledges the constraints imposed by state law on the assessment process.
- Niblack offers to discuss the various factors considered in assessments, including age, size, amenities, and location.
Preston Niblack
3:42:08
So we do we do publish, on our website the comparables for every co op and condo building that's assessed.
3:42:14
So you can always go look at the the comparables that are used.
3:42:18
And I know people do it because I've been, you know, hearing about and and talking to people and addressing this issue for many years now also.
3:42:25
The we are always looking at how we can improve what we do, but, fundamentally, we are somewhat constrained by state law, about how we can go about, the assessment process here.
3:42:44
We look at, you know I mean, I mean, I'm happy to sit down with you again and go through sort of all of the the factors that go in.
3:42:51
It's it's age, it's comparable size, it's, you know, amenities, location, etcetera.
3:42:57
I mean, there are a whole bunch of factors that go into how we set the guidelines that are used.
Lincoln Restler
3:43:02
And, look, I'm not here advocating for the people who own the $6,000,000 brownstones or whatever it is in my district.
