Property Valuation
In New York, a property owner who disagrees with the assessed value may file a:
AGrievance with the local Board of Assessment Review✓ Correct
BComplaint with the DOS
CPetition with the New York Attorney General
DClaim with the Department of Financial Services
Explanation
Property owners in New York who believe their assessment is too high may file a grievance with the local Board of Assessment Review (BAR) during the annual grievance period. If unsatisfied, they may then pursue a Small Claims Assessment Review (SCAR) proceeding or an Article 78 proceeding.
Related New York Property Valuation Questions
- The principle of substitution in real estate valuation states that:
- The term 'market value' as used in appraisal is best defined as:
- An appraiser in New York is appraising a single-family home in a suburban Long Island neighborhood. Which appraisal approach would most likely be given the most weight?
- In New York appraisal practice, a 'paired sales analysis' is used to:
- In New York, 'assemblage' of two or more parcels to create a development site will generally produce a value:
- In New York, the 'gross building area' (GBA) of a property differs from 'net rentable area' (NRA) in that:
- In New York, the 'market approach' to value is based on the economic principle of:
- In New York, a 'retrospective appraisal' would most commonly be commissioned for:
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