Congrats on learning how to look up a New York City Property Tax Bill. It's something most real estate agents don't even know how to do. Looking up the details and amount of a home's property taxes before you make an offer can save you a headache down the road. Property tax bills are available on the department of finance's website. We'll provide a link in the description below. There you'll enter either the address or the block and lot number for the property. A block and lot number is basically a unique identifier for each property in New York City. Once you've pulled the property you'll see property tax bills on the left side of the screen. You click there and you'll find the current and historical property tax bills. The calculation of the property taxes themselves is not that interesting. You basically just take the estimated market value and multiply it by a couple of numbers, but there you'll be able to see the gross taxes and any reductions that are potentially reducing the amount of the tax liability, like a 421a tax abatement. Also, listing agents often advertise property taxes after the 17.5% co-op/condo abatement. So it's important to look up the property tax bill and make make sure you're comparing apples to apples across properties. If you need help pulling a property tax bill, obviously we would be happy to help. You can contact me james@yoreevo.com. We can pull that property tax bill, help with your search overall, and of course save you up to 2% with a commission rebate on any property in New York City.
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