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
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4TAX COMMISSION OF THE CITY OF NEW YORK
1 Centre Street, Room 936, New York, NY 10007
TC108
2009
FORM TC108 APPLICATION AND INSTRUCTIONS FOR 2009
What other forms and instructions are needed?
To determine whether or not to file an appeal
TC 10
Tax Commission Receipt
because the assessed value may be too high:
Submit TC10 if filing in person, or, if you mail your
application include a stamped, self-addressed TC10
1. Ask yourself: “What do I think my property is
with your application. The TC10 receipt will serve as
worth?”
your proof of filing by the deadline.
2. Multiply the answer by 6%, which is the
assessment ratio for all tax class 1 properties.
Some situations require you to attach one or more of the
3. Look up the actual assessed value on the Notice
following forms to Form TC108:
of Property Value the Department of Finance
mailed
you
in
January
or
online
at
TC200
Addendum to Application for
nyc.gov/finance.
Correction
Required with TC108 when the applicant is neither an
If the actual assessed value is higher than the
owner nor a lessee and pays all property charges, such
amount you reached in Step 2, you should file
as taxes, insurance, and maintenance.
TC108. If the actual assessed value is lower than
the amount you reached in Step 2, you are not
TC201
Income Schedule for Rent Producing
entitled to a reduction.
Property
Must be attached to TC108 if, in calendar year 2008, the
property produced rental income from nonresidential
When is the filing deadline?
units, such as retail stores or commercial offices.
We must receive TC108 by Monday, March 16, 2009.
TC244
Agent’s Statement of Authority and
When should you use Form TC108?
Knowledge
Use Form TC108 if you claim that the Department of
Complete if TC108 is signed by an agent with a power of
Finance estimated a tentative assessed value that is too
attorney.
high for a tax class 1 property. Such a claim would
include the possibility that statutory limits on annual
When should you file TC108?
assessment increases of 6% per year and 20% over five
We must receive your application by 5:00 p.m. on March
years have been exceeded.
16, 2009. The City Charter sets this deadline; the filing
deadline cannot be waived or extended for any reason.
Do not use TC108 in the following circumstances:
Late applications will not be reviewed.
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To protest Finance’s estimated market value
To be sure your application is received on time, bring
when it is higher than the value your tax is based
your application to the Tax Commission or to a Finance
on.
Department Business Center.
See TC600 or the
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To appeal an assessment of tax class 2, 3, or 4
Finance web site at for locations.
properties. See TC600 – How to Appeal a Tentative
Assessment - for further instructions on the correct
What is the mailing address to file by mail?
application form based on the type of property and
If you file by mail, send the completed application at
nature of your objection to the tentative assessment.
least 10 days before March 16 to the Tax Commission at
the address at the top of this page.
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To change the tax class or exemption status.
Submit an original and a copy of Forms TC106 and
You may not fax your application or send it as an e-mail
TC200 by 5:00 pm on March 16, 2009 if the property
attachment.
Do not mail your TC108 application to
is now classified in tax class 1, or by 5:00 pm on
Finance.
March 2, 2009 for tax class 2, 3, and 4 properties.
Make sure to include a stamped, self-addressed Receipt
You may also submit Finance’s Request for
Form TC10 with your mailed application for proof of
Assessment Review form to Finance, which is
timely filing.
available online at .
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Are there any other filing requirements for TC108?
To correct errors on the Notice of Value about the
physical description of your property. Only Finance
1. Make a photocopy. File the original. Keep the copy
can correct this information in its records. Submit to
for your records and to use at your hearing. If TC201 is
Finance a Request to Update Property Data form,
which is available online at .
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