Your guide to NYC's public proceedings.
AGENCY TESTIMONY
The Tax Commission's mission and significance in NYC
1:28:04
·
34 sec
Firestone explains the crucial role of the Tax Commission in New York City's revenue system and its mission to provide fair and efficient review of property tax assessments.
- Property tax assessments are the city's largest source of revenue
- Over 1 million parcels of real property in the city
- Each property owner has the right to an independent administrative review of their property's assessed value
- The Tax Commission's mission is to ensure fair, efficient, and transparent determinations of real property assessment appeals
Robert Firestone
1:28:04
As the council is fully aware, annual property tax assessments are the city's single largest source of revenue.
1:28:11
There are over 1,000,000 parcels of real property in the city And under New York State and city law, each property owner has the right to an independent administrative review of the assessed value of its property before the tax commission.
1:28:26
The tax commission's mission and my mission if appointed president is to ensure that determinations of real property assessment appeals are made fairly, efficiently, and in a transparent manner.