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Tc108 application and instructions for 2009

Tc108 application and instructions for 2009-2025

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The document is an application form (TC108) from the Tax Commission of the City of New York for property owners seeking a reduction in the assessed value of one, two, or three-family homes and other Class One properties. It outlines eligibility criteria, filing instructions, deadlines, and necessary documentation required to support the application. The form must be submitted by March 15, 2024, and includes sections for property identification, applicant information, market value claims, and hearing requests.

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Click ‘Get Form’ to open the TC108 application in the editor.
Begin with Section 1, 'Property Identification.' Enter the block and lot numbers from your Notice of Property Value. Ensure you file a separate form for each lot unless filing for condominium units.
In Section 2, 'Applicant,' specify whether you are the owner or a tenant responsible for property taxes. If not, ensure to attach Form TC200.
Proceed to Section 4, 'Claim of Market Value.' Provide your estimate of the market value based on current conditions. Remember to multiply this by 6% and compare it with the assessed value.
Complete Section 10, 'Signature and Certification.' Ensure that the individual signing has personal knowledge about the property and is authorized to do so.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much is the tax in NYC?

If products are purchased, an 8.875% combined City and State tax will be charged. The City charges a 10.375% tax and an additional 8% surtax on parking, garaging, or storing motor vehicles in Manhattan.

What agency in NYC is in charge of taxes?

Department of Taxation and Finance.

What is the NYC tax commission fee?

Tax Commission (TC) The Tax Commission charges a $175 fee for each assessment review held for properties with an assessed value of 2 million dollars or more or a market value of 4 1/2 million dollars or more. This fee will appear on the property owners property tax bill.

How to change tax class in NYC?

If you disagree with the assessed value on your annual Notice of Property Value (NOPV), you can appeal with the New York City Tax Commission, an independent agency. The Tax Commission can reduce your propertys assessment, change its tax class, and adjust exemptions.

How much does NYC tax on commission?

If the commission is paid separately from your regular paycheck, its considered to be a supplemental wage and is taxed at the 22% rate. Employers must also withhold Social Security and Medicare taxes from supplemental wages.