Notice of Property Value (NOPV)

Access Your Notice of Property Value

Xổ số hỗn hợp hôm nayYour annual notice of property value, mailed in January, informs you of the Department of Finance’s assessment of your property for the coming tax year. The NOPV is not a bill, and no payment is required.

From this page, you can learn more about the property assessment process, access your property tax bills, challenge your assessment, update your property information, apply for tax exemptions, or get help with the NOPV.

 

NOPV season is here! During the month of February 2021, attend a virtual outreach session to get help in understanding your notice and property taxes with the Department of Finance and the NYC Tax Commission. Download the 2021 NOPV Sessions schedule to register for a session.

 

Properties in New York City are divided into four classes. Tax class 1 includes one- to three-unit residential properties. Class 2 includes residential properties with more than three units, including coops, condos, and apartment buildings. Classes 3 and 4 are mostly utility and commercial properties.

Xổ số hỗn hợp hôm nay The Department of Finance values and assesses your property every year to calculate your property tax bill. The process is complex, but essentially, it works like this:

  • DOF determines your property’s market value. How we do this varies by tax class. The property tax guides below describe the process in more detail.
  • Once your market value is established, your assessed value is calculated. Assessed value is a percentage of your market value. The process varies depending on what type of property you own.
  • If you receive exemptions, their value is subtracted from your assessed value to calculate your taxable value. Your taxable value is multiplied by the current tax rate for your property class. The resulting amount, minus any abatements you receive, is the amount you must pay in property taxes.
  • For more information about how properties are assessed and taxes are calculated, download our property tax guides:
Class 1 Property Tax Guide
Class 1 Property Tax Guide
Class 2 Property Tax Guide
Class 2 Property Tax Guide

Please note that state law limits how much some assessments can change each year. It is common for an assessment to take a few years to catch up to the market value

Example for a One-, Two-, or Three-family home Year 1 Year 2 Year 3
Market Value 100,000 150,000 140,000
Actual Assessed Value 6,000 6,360 6,741
Assessed Value if No Limitations 6,000 9,000 8,400

To download your property tax bills, visit our property tax bills page and select “Access Your Property Tax Bills.”

Property tax bills are mailed quarterly for homes with an assessed value of $250,000 or less, and semiannually for homes assessed at more than $250,000. Quarterly bills are due on July 1, October 1, January 1, and April 1; your bill will generally be mailed a month before its due date. Semiannual bills are mailed a month before their January 1 and July 1 due dates.

Once you receive your bill, review it carefully to ensure that you understand not only how much you owe, but where that amount comes from. If you have any questions, or call 311.

If you believe the Department of Finance has made an error in determining your market value, you may submit a “Request for Review” form.

To learn more about how to challenge your assessed value with the New York City Tax Commission, visit our Challenge Your Assessment page.

To update the property information that appeared on page three of your NOPV, file a “Request to Update”Xổ số hỗn hợp hôm nay form with the Department of Finance.

To review the property tax exemptions that are available to homeowners—including seniors, veterans, clergy members, people with disabilities, and more—in New York City, visit the property tax exemptions page. You will find eligibility information and applications.

For questions about applying for a property tax exemption, contact us by creating a with the Department of Finance.

2021

Download the NOPV Sessions flyer

February 2, 2021
10:00AM
NOPV Outreach Session

Join by Telephone: 1-408-418-9388
Xổ số hỗn hợp hôm nay Access/Event Code: 173 357 9307   Password: 2021NOPV

February 4, 2021
4:00PM
NOPV Outreach Session

Join by Telephone: 1-408-418-9388
Xổ số hỗn hợp hôm nay Access/Event Code: 173 226 7070   Password: 2021NOPV

February 9, 2021
10:00AM
NOPV Outreach Session

Join by Telephone: 1-408-418-9388
Access/Event Code: 173 469 3118   Password: 2021NOPV

February 11, 2021
4:00PM
NOPV Outreach Session

Join by Telephone: 1-408-418-9388
Xổ số hỗn hợp hôm nay Access/Event Code: 173 721 9278   Password: 2021NOPV

February 16, 2021
10:00AM
NOPV Outreach Session

Join by Telephone: 1-408-418-9388
Access/Event Code: 173 050 8414   Password: 2021NOPV

February 18, 2021
4:00PM
NOPV Outreach Session

Join by Telephone: 1-408-418-9388
Access/Event Code: 173 420 7469   Password: 2021NOPV

February 23, 2021
10:00AM
NOPV Outreach Session

Join by Telephone: 1-408-418-9388
Access/Event Code: 173 805 4368   Password: 2021NOPV

February 25, 2021
4:00PM
NOPV Outreach Session

Join by Telephone: 1-408-418-9388
Access/Event Code: 173 811 6737   Password: 2021NOPV

  • with questions about your property, taxes, etc.
  • Call 311.
  • We encourage you to attend a virtual outreach session, send us a message, or call 311 for assistance, rather than visiting a Department of Finance buisiness center.


Download All NYC Property Data

The Department of Finance has made the data for all NYC properties available on the NYC Open Data portal for download. Visit the Open Data page for more information.