Instructions For Form Tc 109 - Application For Correction Of Assessed Value Of Condominium Property
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1
2THE TAX COMMISSION OF THE CITY OF NEW YORK
One Centre Street, Room 929, New York, NY 10007
APPLICATION FOR CORRECTION OF ASSESSED VALUE
OF CONDOMINIUM PROPERTY
FORM TC 109
(Ver. 1/98)
TC 208
Income and Expense Schedule for a
Hotel
These instructions are part of form TC 109.
Who should use this form. Use this form to apply to
TC 214
Income and Expense Schedule for
the Tax Commission for correction of the tentative real
Stores, Theatres, and Service Sites
property tax assessed valuation set by the Department of
(where applicant or a related person
Finance for the tax year that will begin on July 1.
operates the business)
There are five types of application forms: TC 101, TC
TC 230
Sale Statement (for properties recently
105, TC 106, TC 108 and TC 109. Select the correct
bought, sold or transferred)
application form based on the type of property and
nature of your objection to the tentative assessment. Use
TC 244
Agent’s Statement of Authority and
only one type of application form for each parcel.
Knowledge (for applications signed by
an agent)
Use form TC 109 for any property designated as a
condominium on the assessment roll, including two-unit
TC 309
Accountant’s Certification (attachment
condominiums,
class
one
condominiums,
and
to form TC 201 for properties assessed
condominiums
owned
by
cooperative
apartment
for $1,000,000 or more)
corporations or leased to commercial tenants. Use form
TC 109 whether the application covers one unit, multiple
When and where to file. Your application must be
units or the entire condominium.
received by 5:00 p.m. on March 1. When March 1 falls
on Saturday or Sunday applications are timely if filed by
A condominium’s board of managers may file a single
the following Monday. This deadline prescribed by the
application for all unit owners who have authorized the
City Charter cannot be waived or extended for any
board to act for them.
In some condominiums this
reason. Late applications are void. You should bring
authorization is contained in the by-laws to which all
the
completed
application
forms
to
the
Tax
owners subscribe when they purchase their units.
Commission’s office in Manhattan or the Finance
Inquire about your board’s plans to appeal before
Department’s borough assessment office where your
deciding to file your own application.
property is located. Obtain a Tax Commission receipt as
proof of timely filing.
Use form TC 109 if you object to the valuation only; if
you also have a classification or exemption claim, make
File an original and a photocopy.
your application on form TC 106.
If you mail your application, send it to the Tax
What other forms and instructions are needed.
Commission’s office in Manhattan at least one week
Before you start to complete the form you should read
before March 1 and enclose a self-addressed, stamped
TC 600 How to Appeal a Tentative Assessment. You
Tax Commission receipt (form TC 10).
A returned
should also have available form TC 10 Receipt, TC 200
receipt from the post office or an express company is not
Addendum to Application for Correction and any of the
sufficient.
following that may be required as an attachment to the
application form:
The Tax Commission does not accept fax transmissions.
TC 201
Income and Expense Schedule for Rent
When is the addendum required. An addendum on
Producing Property
form TC 200 must be submitted unless the applicant is
the board of managers of the condominium or a
TC 203
Income and Expense Schedule for
cooperative apartment corporation.
Cooperatives and Condominiums
The addendum is also required for applications filed by
the board of managers or a cooperative if the building is
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