3 ms·
"Let's take a pretty typical example" posts a "this guy I know" anecdote You can do better than that.
by rco8786 10y ago
"Let's take a pretty typical example"
posts a "this guy I know" anecdote
You can do better than that.
- tsaoutourpants 10y agoYou can also look up the assessed value of any building in NYC. If you doubt the numbers, go and look: http://webapps.nyc.gov:8084/CICS/fin1/find001i http://webapps.nyc.gov:8084/CICS/fin1/find001i
- mrgreenfur 10y agoWow, this is awesome! I rent an apt in a brownstone. The brownstone up the street sold recently for $3.4MM. The documents you linked show the annual taxes at $8,700 = 12.5% * $67,000 (Billable assessed value). The document says the estimated value is just under $1,000,000. $8,000/year doesn't seem outrageous for a $1mm property with rental income, especially given that it's estimated value is about 2/3rds under what it should be.
- vostok 10y agoI have edited my comment per your advice. The intent was to clarify that the property in question does not have any abatements in place.