Instructions For Form Tc 109 - Application For Correction Of Assessed Value Of Condominium Property Page 2
ADVERTISEMENT
1
2newly constructed or has recently undergone a major
If the application covers two or more ranges, list the first
alteration; in this case only parts 1 and 5 of form TC 200
and last lots of each range in numerical order. List the
need be completed.
ranges in numerical order across the page; if more space
is needed, attach additional sheets that use the same
three across format. For TC 269 is available for this
When is an income and expense schedule required.
For most properties an income and expense schedule
purpose.
must be attached to the application for correction. Use
form TC 203 if the applicant is the board of managers or
Provide the condominium number if known. This is a
a cooperative.
All other applicants should use form
number assigned when the declaration is filed.
It
TC 201 if the property produces rental income. Use form
appears on the assessment records and tax maps.
TC 208 for hotels and motels. Use form TC 214 for
retail stores, gas stations, public parking garages and lots
Definitions:
and theatres where the applicant is the business operator
or a related person. If part of the property is so used by
Owners. The individuals or entities having legal title to
the applicant and part is rented, attach both form TC 201
the real property assessed.
and form TC 214. Form TC 214 is not required for retail
stores having less than 10,000 gross square feet of retail
Related persons.
The word person includes a
space, unless the store is in leased space and part of the
corporation or other business entity. Related persons
rent is based on a percentage of sales.
include individuals related by blood, marriage or
adoption, individuals and the business entities they
An income and expense schedule is not required in the
control, business entities under common control, and
following cases:
fiduciaries and the beneficiaries for whom they act.
The units covered are not income-producing.
Major alteration.
Any work which increases the
enclosed floor area or cubic content of a building, which
Applicant’s operation began after July 1, 1997, unless
renovates a building that had been predominately vacant
prior operator was a related person.
or which changes the use of one or more floors of a
building, such as from office to residential or from
The condominium is exclusively residential and has six
storage to office.
or fewer apartments.
Floor area.
Where floor area is called for state the
The units covered are not rent-producing and are used by
approximate gross floor area, if known. If applicant
a nonprofit organization or for a business other than the
does not have knowledge of the floor area, these
types for which form TC 214 is required. For example,
questions may be left unanswered.
an owner-occupied office.
In part 7, the floor area may also be omitted if applicant
List of lots. An application on form TC 109 may cover
believes that the information on the Department of
all of the lots in the condominium if the applicant is the
Finance records is approximately correct. If applicant
owner of all the lots or is a board of managers with the
seeks to establish that the Department of Finance records
requisite written authorization. The application may also
are incorrect, architect’s calculations or other suitable
cover only a single lot or any group of two or more lots.
proof must be supplied.
If the condominium has lots on more than one tax map
Supplemental affidavits.
If any information is
block, file a separate application for each block number.
misstated on the application it must be corrected by
submission of a supplemental affidavit at the hearing on
Describe the application as one for the “entire
form TC 159. Answers to the questions in part 7 which
condominium” only if all lots are covered. Even if only
were missing or incomplete on the application may also
one lot is omitted it should be described as an
be supplemented in this manner.
application covering a range of lots.
Where to get additional forms and information.
A range of lots is any number of lots, including a single
Application forms are available at the borough
lot, that are in numerical sequence without gaps, except
assessment offices.
If you have questions about the
gaps that exist in the sequence of tax lots listed on the
appeal procedure, you may write to the Tax Commission
assessment roll.
or call (212) 669-4410.
Questions about how your
assessment was determined or general questions about
Do not include lots from more than one condominium in
real property tax assessments should be addressed to the
a single application.
Department of Finance by calling the borough
assessment office or writing to 25 Elm Place, Brooklyn,
NY 11201.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Preparation Of Personal Property Tax Return Form - City Of Philadelphia, Pennsylvania
Financial
Instructions For Form Rew-1 - Vermont Withholding Tax Return For Transfer Of Real Property
Financial
Form Tc108 - Application For Correction Of Assessed Value 2006 Of A One, Two Or Three Family House, Class One Condominium, Or Other Class One Property - 2006
Financial
Form Tc108 - Application For Correction Of Assessed Value 2005 Of A One, Two Or Three Family House, Class One Condominium, Or Other Class One Property
Financial
Application For Correction Of Assessed Value Of Tax Class Two Or Four Condominium Property Form
Financial
Form Tc108 - Application For Correction Of Assessed Value Of A One, Two Or Three Family House, Class One Condominium, Or Other Tax Class One Property - 2008
Financial
Form Tc108 - Application For Correction Of Assessed Value Of A One, Two Or Three Family House, Class One Condominium, Or Other Tax Class One Property - 2009
Financial
Related Categories
Parent category: Financial