Understanding the complexities of property taxation and appeals can often be overwhelming for property owners in New York City. This is where the TC105 form comes into play as a critical document for those wishing to contest the assessed value of their properties as indicated on tax maps. It specifically caters to objections regarding valuation and provides a structured pathway for formal review by the Tax Commission of the City of New York. By filing this form, which must be properly signed and notarized, applicants signal their disagreement solely with the valuation of their property, as opposed to classification or exemption claims, which require different documentation. The form necessitates detailed property identification, including borough, assessment year, and various identification numbers, and outlines clear instructions for applicants, including the necessity of filing in the Tax Commission's office in Manhattan by a specified deadline. Additionally, the TC105 form mentions potential fees for properties assessed over $2 million and delineates the supporting documents required for a complete application, such as income and expense schedules for rented properties or details of new improvements. An emphasis is placed on the accurate presentation of property transactions and any modifications made, underscoring the importance of transparency and detailed record-keeping in the appeals process. With deadlines and specific filing instructions, the form serves as a cornerstone for property owners looking to challenge their assessed property values in a structured and official manner.
Question | Answer |
---|---|
Form Name | Form Tc105 |
Form Length | 2 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 30 sec |
Other names | tc105 application for correction of assessed value nyc form |
TAX COMMISSION OF THE CITY OF NEW YORK |
Copy |
TC105 |
1 Centre Street, Room 936, New York, NY 10007 |
||
|
|
2012 |
APPLICATION FOR CORRECTION OF ASSESSED VALUE OF
PROPERTY INDICATED ON TAX MAPS BY AN IDENTIFICATION NUMBER
INSTRUCTIONS FOR FORM TC105: Apply on this form if you object to the valuation only; if you also seek Tax Commission review of a classification or exemption claim, make your application on Form TC106 with TC200. Be sure the form is properly signed and notarized. File a photocopy with the original. File only in the Tax Commission's office in Manhattan. It must be received by March 1, 2012 . A Tax Commission receipt (Form TC10) is the only proof of timely filing. Submit TC140 at your hearing; list all open proceedings on Form TC140 with index number and year. If you seek review without a personal hearing, attach TC140 to the application. Form TC200 must be attached by an applicant other than the owner of record to establish standing as a person aggrieved. For more information, see Form TC600 How to Appeal A Tentative Assessment and Form TC600A Supplemental Instructions. NOTE: The Tax Commission has adopted a rule imposing a $175 fee on applications for correction where the assessed value on the Notice of Property Value for 2012/13 is $2 million or more. If multiple condominium units file on a single application, the fee will apply if the aggregate assessed value is $2 million or more. No fee is due if the applicant or representative waives review of the application before it is scheduled for review. If any fee is unpaid, review of your application may be denied and any offer of correction revoked. The fee will be included on the Real Property Tax bill. DO NOT PAY THE FEE WITH THIS APPLICATION.
1. PROPERTY IDENTIFICATION - A separate application is required for each property. |
|
5 |
||||
BOROUGH (Bronx, Brooklyn, Manhattan, Queens or Staten Island) |
IDENTIFICATION NO. |
BILLING NO. |
|
ASSESSMENT YEAR |
2012 |
YEAR |
LOCATION |
|
|
|
2012/13 |
||
|
|
|
|
|
|
2.APPLICANT - The applicant must be an owner or other person aggrieved by the assessment. An attorney or agent cannot be the applicant.
3. REPRESENTATION |
|
|
|
|
|
|
|
BOROUGH _____________ |
||
Name of applicant _____________________________________________________________ |
|
|||||||||
Is the applicant an owner/title holder of the entire tax parcel? ______ . If no, attach Form TC200, specify the applicant's |
|
|||||||||
relation to the property, and attach documentation of standing specified in TC200 Part 2. |
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
PHONE NO. |
|
|
|
FAX NO. |
|
|
|
|
|
|
(____________) |
|
(____________) |
BILLINGNO. ______________ |
|||||||
|
|
|
|
|
|
|
||||
The person listed is: |
The applicant An attorney |
Other representative |
Employee of owner |
corporation |
||||||
NAME OF PERSON OR FIRM TO BE CONTACTED |
|
|
|
|
|
|
GROUP #, IF ANY |
|
||
MAILING ADDRESS |
|
|
|
|
|
EMAIL ADDRESS |
|
|
||
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|||
4. PROPERTY TRANSACTIONS |
|
|
|
|
|
|
GROUP# ________ |
|||
Was any part of the property rented in 2011? __________. If yes, attach Form TC201. |
|
|
|
|
||||||
|
|
|
|
|
||||||
Have any new improvements been added since January 5, 2010? __________. If yes, complete Part 8, line e, below. |
|
|||||||||
Has the property or an interest in it been sold, purchased or transferred since January 5, 2010? __________ |
|
|
||||||||
Is the property or an interest in it under contract of sale? __________ |
|
|
|
|
|
|
||||
If applicant or a related person operates the property for rental to tenants, attach an income and expense schedule on Form TC201. |
TC105 |
|||||||||
If new improvements have been added, describe them in Part 7 if not previously reported. If there has been a sale or contract of |
||||||||||
|
||||||||||
sale to a |
|
|||||||||
__________________________________________________________________________________________________________________ |
|
|||||||||
__________________________________________________________________________________________________________________ |
REUC |
|||||||||
__________________________________________________________________________________________________________________ |
||||||||||
__________________________________________________________________________________________________________________ |
|
|||||||||
|
|
|
|
|||||||
5. ATTACHMENTS - List schedules and documents attached. Number the pages. |
|
|
|
|||||||
_________________ |
_________________ |
_________________ |
|
|
|
|||||
_________________ |
_________________ |
_________________ |
|
|
|
|||||
_________________ |
_________________ |
_________________ |
|
|
|
|||||
Last page number _____. |
Reminder: TC140 is required as an attachment or at your hearing. |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
||
Refer to the attachments to application for BBL: _______________ |
|
|
|
|
|
|
||||
|
|
|
|
|
|
|||||
6. HEARING REQUEST - Indicate preference. Check only one. |
|
|
|
|
|
|||||
Review on papers submitted without a personal hearing (attach Form TC140) |
|
|
|
|
|
|||||
Personal hearing by Tax Commission President. Personal hearing before entire Tax Commission |
|
DATE RECEIVED |
|
|||||||
|
|
|
|
|
|
|
|
|
|
Signer’s initials _______
7. DESCRIPTION OF IMPROVEMENTS NOT PREVIOUSLY REPORTED TO THE FINANCE DEPARTMENT
YEAR BUILT OR INSTALLED |
DESCRIPTON |
ORIGINAL COST |
8. CLAIM OF UNEQUAL OR EXCESSIVE ASSESSMENT
Applicant objects to the assessment on the grounds that it is (a) unequal or (b) excessive because the assessment exceeds the full value of the property or statutory limits on increases, as follows:
a. |
Tentative actual assessment |
$___________________________________ |
b. Applicant's estimate of market value |
$___________________________________ |
|
c. Requested assessment = line b x 45% assessment ratio |
$___________________________________ |
|
d. Market value of land as if unimproved (optional) |
$ ___________________________________ |
|
e. |
Market value added by new improvements during the two years ending January 5 |
$ ___________________________________ |
The applicant reserves the right to allege an assessment ratio lower than 45% and seek a lower assessment in a proceeding for judicial review of the assessment the applicant may commence.
Do not use this form to claim unlawful assessment, misclassification, or error in determining the amount of an exemption; use Form TC106 with TC200. Set forth information here in support of your market value estimate, attach statement of facts and other documents, or submit at the hearing.
_________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________
9. OATH
BOROUGH
IDENTIFICATION NO.
BILLING NO.
This application must be signed by an individual having personal knowledge of the facts who is the applicant or a fiduciary or an agent or an officer of a corporation or a general partner of a partnership or a member or manager of a limited liability company, which legal entity is the applicant or is a general partner or member or manager of the applicant. If an agent signs, attach a notarized power of attorney signed by the applicant and Form TC244, Agent's Statement of Authority and Knowledge. If a fiduciary, see Form TC600 for instructions on documentation of authority.
Print name of person signing ___________________________________ If signing as an officer, general partner or member or manager specify name
of entity and person's title.
Name of entity __________________________________________________________ Title _________________________________________
Singer or entity is: The applicant. General partner of partnership applicant. Member or manager of limited liability company applicant.
An attorney, employee, property manager or other agent. A notarized power of attorney and Form TC244 must be attached.
I certify that all statements made on this application, including the attached sheet(s) totaling _____ pages, are true and correct
to the best of my knowledge and belief, and I understand that such statements are subject to verification. I also understand that the making of any willful false statement of material fact in this application including the attached sheet(s) will subject me to the provisions of the penal law relevant to the making and filing of false instruments.
Signed: __________________________________________________________Date:______________________
The signer must appear and acknowledge the signature before a notary.
Sworn to before me:
County __________________________ State ___________________________ Date _________________
Signature of person administering oath ________________________________________________________
NOTARY STAMP
Page 2 |
TC105 |