Tc101 Form – Fill Out and Use This PDF

TAX COMMISSION OF THE CITY OF NEW YORK 1 Centre Street, Room 2400, New York, NY 10007

FORM TC101 INSTRUCTIONS FOR 2021

APPLICATION FOR CLASS TWO OR CLASS FOUR PROPERTIES

TC101INS

2021/22

Read TC600 How to Appeal a Tentative Assessment before you begin to complete this form.

Who should use this form? Use Form TC101 to protest only the valuation of a property in tax class two or four, including a claim that the statutory limits on annual increases have been exceeded by the Department of Finance for the tax year that will begin on July 1, 2021. If you are making a classification or exemption claim either alone or with a valuation claim, use Form TC106. Use just one application form for each property.

What other forms and instructions are needed?

Form TC10 Receipt.

One or more of the following may also be required as an attachment to the application:

TC200	Addendum to Application
TC201	Income Schedule (Rental Property)
TC203	Income Schedule (Coop or Condo)
TC208	Income Schedule (Hotel or Motel)
TC214	Income Schedule for Department Stores,
	Theaters, and Service Sites
TC230	Sale Statement
TC244	Agent’s Statement of Authority and
	Knowledge (when an agent signs the
	application) Note: a Power of Attorney is
	required to be filed with Form TC244.
TC309	Accountant’s Certification

When and how to file.

THIS YEAR BECAUSE OF THE PANDEMIC YOU MAY FILE BY SCANNING AND EMAILING YOUR APPLICATIONS TO tcapplications@oata.nyc.gov. If you file by email, no copies or TC10 forms are required.

The Tax Commission must receive your application by 5:00 P.M. on March 01, 2021. The deadline is set by law and cannot be waived or extended for any reason. Late applications will not be reviewed.

Filing by mail. Mail the completed Form TC101 to the Tax Commission, 1 Centre Street, Room 2400, New York, NY 10007. DO NOT MAIL THE TC101 TO ANY

OTHER ADDRESS. Applications received after the March 1 deadline will not be accepted even if they were mailed before that date. Include a self-

addressed, stamped Tax Commission receipt Form TC10.

Filing in Person: Bring the completed application forms to the Tax Commission’s Manhattan office at 1 Centre St. or to a Finance Dept. Business Center in any borough by the deadline. Get a date-stamped receipt (Form TC10).

A date-stamped Form TC10 is the only acceptable proof of timely filing in person or by mail. Proof of mailing, or a return receipt from the post office or an express delivery company, is not acceptable proof of timely filing with the Tax Commission.

File an original. Keep a photocopy for your records and to use at your hearing. See TC600 for information about filing additional copies of your application with your original.

Supplemental affidavits. Use Form TC159, supplemental affidavit, to provide additional or missing information, or to correct any information that is misstated in the application or attachments. See Form TC600 and TC159.

Completeness. Your application should be complete when filed. Failure to answer all questions may result in your application being denied review by the Tax Commission.

An income and expense schedule may be required. For most properties, an income and expense schedule must be attached to the application for correction. Use Form TC201 if the property produced rental income in 2020. Use Form TC203 for residential and commercial cooperatives and condominiums. Use Form TC208 for hotels and motels. Use Form TC214 for department stores, public parking garages and lots, and theaters where the Applicant is the business operator or a related person. If the Applicant operates its own business in part of the property, and rents part of the property, attach both Form TC201 and Form TC214. Form TC214 is not required for an operator of a department store having less than 10,000 gross square feet of retail space.

A net lessor leasing to a related lessee who occupies the property may use Form TC200, Part 5, instead of TC201 to report net lease information. A net lessor with a related lessee who sublets any part of the property to unrelated sublessees must use TC201.

An income and expense schedule is not required when:

•Property produced no rental income in 2020;

•Applicant’s operation began after July 1, 2020,

unless the prior operator was a related person;

•Property is exclusively residential with six or fewer apartments; or

•Property is owner-occupied and used by a business for which Form TC214 is not required, such as a factory, bank, club, nursing home or office.

Information for certain Applicants not otherwise required to report rental income and expenses. If an Applicant owned income-producing property before January 1, 2020, but is not required to report income and expenses for 2020, and the property is rented or offered for rent on January 5, 2021, the Applicant must either provide the information required in section 2 of TC101 or complete Part 4 of TC201. Attach Form TC201 to the application or submit it at the hearing with Form TC159.

Forms and information.

Tax Commission forms are available at www1.nyc.gov/site/taxcommission/index.page, at the Tax Commission’s Manhattan office and at Finance Dept. Business Centers in each borough. If you have questions about the application procedure, contact the Tax Commission by e-mailing tcinfo@oata.nyc.gov. Address questions about how your assessment was determined or general questions about real property tax assessments to the Finance Dept. on their website: www1.nyc.gov/site/finance/about/contact-us.page or call 3-1-1.

Form TC200 may be required with TC101. Form TC200 generally is required with TC101 when:

•Applicant is not an owner or lessee of the entire property who pays all property charges, such as taxes, insurance and maintenance of the entire property;

•Applicant is a partial tenant, a tenant who does not pay all property charges, a contract vendee, mortgagee, receiver, trustee in bankruptcy, or owner of a divided interest;

•Applicant is a lessee who does not report the lease information on Form TC201, TC208 or TC214.

•Either question in Part 10 is answered “yes” as to construction, major alteration or a sale. If information regarding a sale or contract of sale is to be provided after the application is filed, it must be reported on either Form TC200 (if the sale is between related parties) or TC230, and filed with a completed Form TC159 at the hearing.

•The application is signed by a fiduciary.

If TC200 is not filed when necessary, the application will not receive Tax Commission review. See TC200 Instructions for complete information on when to file TC200.

Part 7 – Outdoor space. Specify whether the outdoor space is used for signage, cell towers/telecom equipment, and/or generators.

Part 8 - Floor area. Provide approximate gross floor area to the best of your knowledge and ability. Measure from exterior wall to exterior wall for each floor. This section is optional for: (i) residential property with ten or fewer apartments and no commercial space, (ii) residential property with six or fewer apartments and no more than one commercial unit, and (iii) residential cooperatives with less than 2,500 square feet of commercial space, not including a garage.

FEE FOR CERTAIN PROPERTIES - A $175 fee is charged for all Applications for Correction where the assessed value on the Notice of Property Value for 2021/22 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. DO NOT PAY THE FEE WITH THIS APPLICATION. THE FEE WILL BE INCLUDED ON THE REAL PROPERTY TAX BILL. If the fee is unpaid, review of your application may be denied and any offer of correction revoked.

Definitions for purposes of completing Form TC101:

Construction or major alteration. Construction or major alteration work includes any work that (a) increases the enclosed floor area or cubic content of a building, (b) renovates a substantially vacant building (c) converts the use of one or more floors of a building, such as from office to residential use, (d) completes renovation, or tenant installations affecting at least 25% of a building’s area, (e) installs or replaces HVAC, elevators, electric wiring or plumbing, (f) replaces at least one of the exterior faces of the building, or (g) costs or is expected to cost an amount that equals or exceeds the tentative total actual assessment under review.

Demolition. Demolition is any work involving the dismantling, razing or removal of all of a building or structure, or the dismantling, razing or removal of structural members, floors, interior bearing walls, and/or exterior walls or portions thereof.

Owner. The owner is the individual(s) or entity having legal title to the real property assessed. Unless title has been conveyed to a trust, the trust is not the owner.

Related persons. Related persons include individuals related by blood, marriage or adoption, individuals and the business entities they control, business entities under common control, and fiduciaries and the beneficiaries for whom they act. A person includes a corporation or other business entity.

Year of purchase. The year the owner or other Applicant or any related person purchased the property or acquired an interest in the property.

TAX COMMISSION OF THE CITY OF NEW YORK

1 Centre Street, Room 2400, New York, NY 10007  High Value  Copy

APPLICATION FOR CORRECTION OF ASSESSED VALUE

OF TAX CLASS TWO OR FOUR PROPERTY

TC101

2021/22

NUMBER OF BUILDINGS

NUMBER OF STORIES ABOVE GRADE

YEAR OF CONSTRUCTION

BASEMENTS

OUTDOOR SPACE

_________________________________________________________________________________________________________________________________

(e.g. cell tower/telecom equipment, signage, generators)_______________________________________________________________________________________________

11. SIGNATURE AND OATH

BOROUGH

BLOCK

LOT