The last year in which the Department of Finance is aware of an alteration to the building which would change the tax assessment of the building. An alteration in this context may include work which does not require a change or re-issuance of the Certificate of Occupancy from the Department of Buildings. The Department of Buildings has separate rules and definitions for determining what is an alteration.
Please note: This section is new and is being tested.
In the future it might not be included in the basic property reports subscription.
Rather, it may be part of a separate subscription combining this section and other
more detailed information about property taxes, exemptions, and abatements.
Year
Building Change
Change in equalization building assessment, excluding STAR exemptions.
Building Value
Land Change
Change in equalization land assessment, excluding exemptions.
Land Value
Remis
This is the land and building remission values combined.
If during any assessment, the assessor establishes that a property's value has
changed substantially,it will be recorded on the next released roll. However,
a property's value cannot increase drastically in a short amount of time.
(This is to prevent a large jump in annual property tax payments
with little notice.) To allow for this change, remissions are issued to counter
the increase, which prevents these large jumps in taxes.
Total
This is the total value, including remissions, for both land and building.
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