NYC Government Publication

To calculate a commercial property’s value for tax purposes, the city uses what is known as a “capitalized income approach.” IBO examines this method, focusing on a key part of the calculation and investigates how overestimation of these rates leads to inequitable property assessments.

Sub title

• Fiscal Brief

Agency

• Independent Budget Office, NYC (IBO)

Subject

• Taxation
• Taxation - Real Property

Report type

• Reports - Other (Consultant/Staff)

Date published

• 2022-08-30

Language

• English

Calendar year

• 2022

Required Report Name

• Not Required

Items

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	does-nycs-method-for-assessing-commercial-property-values-result-in-inequalities-fiscal-brief-august-2022.pdf	2022-08-30	Download