Batten down City Hall: Property assessment is out

Photo by wallyg on Flickr.com

New York City has announced that the total property tax assessment roll for the fiscal year beginning July 1 will rise tentatively to $796.6 billion, an increase of 0.12 percent.

For apartments, the assessment is going up 5.09 percent.  For single-family homes, the increase is 3.97 percent.