Challenging your property taxes pays off. Here’s how to do it.
More Brooklyn property owners are appealing their property tax assessments and winning reductions — and you can, too.
According to a report from the Independent Budget Office, Brooklyn taxpayers saved $57.5 million after appealing their property tax assessments with the Tax Commission in 2017, the latest year for which figures are available. That’s almost double the amount awarded in 2013, when $31.1 million was cut from Brooklyn property owners’ bills.
The same trend held across the city. The Tax Commission gave more than double the number of reductions in 2017 (45,237) than it granted in 2013 (22,871).