Form Tc108 - Application For Correction Of Assessed Value For One, Two Or Three-Family House Or Other Class One Property Only - 2010 Page 2
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4LINE-BY-LINE INSTRUCTIONS
Section 8. INFORMATION IN SUPPORT
Do not leave any item blank. Enter N/A (“not
You must submit information supporting your estimate of
applicable”), “0” (zero) or “unknown” where appropriate.
the MARKET VALUE of the property either with the
Type or print your answers in ink. If you are NOT
TC108 or at the in-person hearing. The price for recent
using a double-sided form, the individual signing the
sales of similar properties is a good indication of the
property’s MARKET VALUE.
Form TC108 must initial the bottom of the first page.
In addition to sales
information, you can submit a recent professional
Section 1. PROPERTY IDENTIFICATION
appraisal report for the property. If the Applicant recently
The block and lot for the property are on the Notice of
bought the property or it was recently sold or listed for
Property Value and are available on the Finance
sale, you also can submit documents proving the sale or
website. You must file a separate Form TC108 for each
list price for the property. Check the box at the bottom of
Lot unless you are filing for condominium units. Before
Section 8 if you are attaching additional proof of value.
you file for a condominium unit, ask the board of
managers if they are filing for your unit. If two
Where to get recent sales information.
applications are filed for the same unit, one of the
Sales information is posted on the Finance website at:
applications must be withdrawn.
nyc.gov/propertytaxes.
You also can get sales
information about specific properties at nyc.gov/acris.
Section 2. APPLICANT
You also can ask local real estate brokers for information
The Applicant must be a person or entity directly
on recent sales of similar properties. The Tax
affected by the assessment. IF THE APPLICANT IS
Commission does not recommend other websites, but
NOT AN OWNER OR TENANT WHO PAYS ALL OF
sales information is available at commercial websites
THE TAXES, YOU MUST FILE FORM TC200 WITH
including:
,
,
FORM TC108.
,
,
and .
Check the box to the left of the applicable description of
Section 9. SIGNATURE AND CERTIFICATION
the Applicant. If the Applicant is the board of managers
The Form TC108 must be signed by the Applicant, by a
of a condominium, also check the box to the left of the
fiduciary for the Applicant such as an executor, guardian
applicable source of the board’s authority to file and
or receiver, or by an agent of the Applicant who has
attach a list of the lots covered.
personal knowledge about the property. NOTE: an agent
cannot be listed as the Applicant even if the agent is
Section 3. CONTACT INFORMATION
signing the TC108. If a fiduciary signs the Form TC108,
Enter the requested information for the individual to be
the fiduciary also must attach a copy of the documents
contacted in connection with this application, either the
proving his or her authority to sign for the Applicant. An
Applicant (including a principal, officer or employee of
appointed representative cannot sign the TC108 unless
the Applicant) or a representative appointed by the
the representative has personal knowledge about the
Applicant.
property. If an agent or representative signs the
TC108, you must attach Form TC244 and a power of
Section 4. CLAIM OF MARKET VALUE
attorney to the Form TC108. Check the box to the left
See “SHOULD YOU FILE TC108?” on the first page of
of the appropriate description of the individual signing
these instructions. The Tax Commission cannot change
the Form TC108.
the MARKET VALUE on the Notice of Property Value.
CORRECTING ERRORS ON TC108 AFTER FILING.
Section 5. HEARING REQUEST
The corrected information must be provided on a Form
You can ask to have an in-person hearing at one of the
TC159 either mailed or delivered to the Tax Commission
Tax Commission borough offices, or you can ask to have
at or before the in-person hearing.
the application reviewed based only on the papers
submitted with Form TC108. Check the box to the left of
Tax
Commission
forms,
including
Publication
your choice. Check only one box. If no box is checked,
TC600, are available at the Tax Commission’s office
the application will be reviewed on the papers submitted
at 1 Centre St., Rm. 936, in Manhattan, any Finance
without an in-person hearing.
Business Center or the Tax Commission website at
nyc.gov/html/taxcomm.
Additional information is
Section 6. PROPERTY DESCRIPTION.
available in the “Annual Notice of Property Value”
If there has been a physical alteration or addition to the
brochure available on the Finance website at:
property since the Applicant acquired it, describe the
nyc.gov/propertytaxes.
alteration or addition and include the year it was made. If
part of the property was rented during the last calendar
year for any nonresidential use, such as an office or
store, check the box in item e) and attach a completed
Form TC201.
Section 7. SALE AND CONSTRUCTION
If there was construction at the property since January 5,
2008, include the total direct and indirect cost of the
construction. See Publication 600.
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