EFTA01118288.pdf

IMPORTANT INFORMATION vm Department of ABOUT YOUR PROPERTY gi Mame NOTICE OF PROPERTY VALUE S56110 0 SLIM, PRESORT 5409 I AV 0 368 P1C25 <34S, January 15, 2016 OWNER NAME MAPLE, INC. PROPERTY ADDRESS Eti 8529015016011501* 9 EAST 71 STREET BOROUGH BLOCK LOT MAPLE. INC. 9 E 71ST ST MANHATTAN 1386 10 NEW YORK NY 10021-4102 TAX CLASS: 1 (Primarily one to tin unit residential PrOPertY) BUILDMIG CLASS: AS (One-tamily dwelling) UNITS: 1 residential THIS IS NOT A BILL. This notice gives you information about how the New York City Department of Finance values your property. Current Tax Year July 1, 2915 - Change June 30. 2016 Market Value $43,601,000 +$15,260,000 $68,861,000 Assessment Percentage 6% 6% Assessed Value $1,553,284 Effective Market Value $25,887,733 Exemption Value SO Taxable Value 31,465,344 $1,553,284 Exemption: None Definition - Market Value is the estimated value for 1-3 family homes based on recent comparable sales. Assessment Percentage is a fixed percentage of Market Value that is set by law. For class 1 properties, it is 6%. Assessed Value (AV) Is calculated by multiplying your Market Value by the Assessment Percentage. A cap on AV imposed by New York State law can affect your Assessed Value. Your AV cannot increase more than 6% a year or 20% over five years unless you have made a physical change to your buiding. Effective Market Value is calculated by dividing the AV by the Assessment Percentage. Your Effective Market Value of 525,887,733 is calculated by taking the AV of $1,553.264 and dividing it by 6% (.06). Exemption Value is the amount of property tax benefits you currently have (except for abatements, which are not listed above but are listed on your property tax bits). This value is subject to change_ If you recently applied for exemptions, they may not be listed. If you would like to apply for any personal homeowner exemptions, please submit your application by March 16, 2016. Other exemptions have different deadlines. For more information about exemptions, visit nyc.gov/ovmerexemption or contact 311. Taxable Value is the Assessed Value minus the Exemption Value. Estimate your aroperty taxes for 2016/17 by multiplying your Taxable Value by the current lax rate, and then subtract abatements. The -emit will ne an estimate of your property taxes for 2016/17. • You may challenge your property value. Please read more about how to challenge your property values on the 'What is Your Notice of Property Value (NOPV)" sheet that is included in this malting. • If you have tried to resolve an Issue through normal Department of Finance channels and feel it has not been settled, you may contact the Taxpayer Advocate at: ynnv.nvc.govitaxoaveradvocate, or by calling 311. 1405.01.001.4402 EFTA01118288 NYC Deportment of IMPORTANT INFORMATION ABOUT YOUR PROPERTY Finance Department of Finance DETAILED PROPERTY INFORMATION Property Address: 9 EAST 71 STREET Borough: Manhattan Building Class: A5 - One-family dwelling Block: 1386 Lot 10 The Department of Finance estimates your property's Market Value by examining prices of comparable properties and sales trends in similar neighborhoods. These properties are selected based on characteristics they have in common with your property. The Department of Finance has the following information on record for your property and considers it when selecting the appropriate comparable properties. Primary Zoning: R8B Finished Square Footage: 18,814 Lot Frontage: 50.00 ft Unfinished Square Footage: 0 Lot Depth: 102.17 ft Commercial Units: 0 Lot Square Footage: 5,108 Commercial Square Footage: 0 Lot Shape: Regular Residential Units: 1 Lot Type: Inside Garage Type: N/A Proximity: 2-Side Abutted Garage Square Footage: 0 Building Frontage: 50.00 ft Basement Grade: None Building Depth: 92.17 ft Basement Square Footage: 0 Number of Buildings: 1 Basement Type: Style: Town House Construction Type: Stone Year Built: 1910 Exterior Wall: Masonry Exterior Condition: Average Number of Stories: 6.00 If you believe the Market Value on the NOPV is not correct, you may file a Request for Review. File the form at nyc.gov/finance or contact 311 to have one mailed to you. It Is important to remember that filing a change request with the Department of Finance is not a substitute for appealing your Assessed Value with the Tax Commission. Read more about how to challenge your Assessed Value on the "What is Your Notice of Property Value' sheet that is included in this mailing. A EFTA01118289