Taxable Value (NYC)
NYC DOF defines taxable value as the actual or transitional assessed value (whichever is less) minus any exemptions, and notes it is used to calculate the annual tax bill. This is the base to which the tax rate is applied (before abatements).
- Where it applies
- New York City
- When it comes up
- Annual tax bill computation
- Property types
- NYC assets
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Property Tax and Assessment (NYC)
- (ORPTS)
- Assessed Value (NYC)
- Assessment Ratio (Level of Assessment)
- Equalization Rate
- Market Value (NYC Assessment Context)
- Notice of Property Value (NOPV)
- Tax Class (NYC)
- Transitional Assessed Value
General information, not legal, tax or financial advice.