Notice of Revised Property Value


Did anyone else receive, or is anyone familiar with, a Notice of Revised Property Value from the Department of Finance? It states that “ten days from the date of this notice, the Commissioner of Finance will change the value of the property above as follows”. It indicates that the changes are a result of “alterations, improvements or demolitions.” I assume this means that the property tax that we pay will now be higher, but I’m not sure how the whole 421a abatement plays into the whole thing. Any ideas?


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