RCNY tit. 19, ch. 49 — Rules Relating to Challenges to the Validity of Real Property Taxes | Rules of the City of New York (current through rules effective October 16, 2026) — City of New York

19 RCNY § 49-01 Challenges to Assessed Valuation of Real Property.

§ 49-01 Challenges to Assessed Valuation of Real Property. (a) Tentative Assessment Roll. (i) Except for the property defined as class one property pursuant to § 1802 of the Real Property Tax Law, the tentative assessment roll containing the tentative assessed valuation of real property for the succeeding fiscal year is open to the public beginning January 15th and ending March 1st of each year. (ii) For the property defined as class one property pursuant to § 1802 of the Real Property Tax Law, the tentative assessment roll is open to the public beginning January 15th and ending March 15th of each year. (iii) Section 1512 of the Charter provides that during the period in which the tentative assessment roll is open for public inspection, the Commissioner of Finance may correct the assessment roll by adding property that had been omitted or by increasing or decreasing the assessed valuation of property. An additional period ending May 10th is provided for changes for non-residential real property. 19 RCNY Chapter 37 provides the procedure for property owner requests for the Department of Finance to review the tentative assessed valuation of real property. (b) Request for Review. A request for review filed with the Department of Finance pursuant to subdivision (a) of this section and 19 RCNY Chapter 37 shall not: (i) affect a property owner's right to apply for a correction of tentative assessed valuation with the New York City Tax Commission; (ii) affect any deadline for such application with the Tax Commission; or (iii) satisfy the requirement that a property owner have filed a timely application for correction with the Tax Commission in order to obtain subsequent judicial review of an assessed valuation.

19 RCNY § 49-02 Appeal to New York City Tax Commission.

§ 49-02 Appeal to New York City Tax Commission. The Charter provides the process for a property owner to apply to the New York City Tax Commission for correction of the tentative assessment of real property by the Department of Finance. (i) For property classified as class one under Real Property Tax Law § 1802, property owners may submit applications to the Tax Commission for correction of the tentative assessment from January 15th until March 15th immediately prior to the tax year to which the tentative assessment pertains. (ii) For all other classes of property, property owners may submit applications to the Tax Commission for correction of the tentative assessment from January 15th until March 1st immediately prior to the tax year to which the tentative assessment pertains. (iii) Notwithstanding the above, New York City Administrative Code § 11-208.1 requires that the Tax Commission deny a hearing on the correction of the tentative assessment for any property as to which an income and expense statement is required but was not timely filed in the immediately preceding calendar year.