hey everyone in today's video we will show you how to look up the property tax
bill online for a condo or a house here in new york city
I'm Nick at Hauseit and if you have any questions on this video
please don't hesitate to leave us a comment below or send us an email to
team@hauseit.com. If you're looking to buy or sell we can
help you save money here in new york so please don't hesitate to reach out so
let's get started! So property tax bills here in new york
city are a matter of public record and this means you can look up anybody's
property tax bill online without any login required
whatsoever so in order to do this the first thing
you want to do is navigate to this page now we have the url above so feel free
to take a look at that and type it in but the easiest thing to do is simply go
to google type in nyc property tax bill and click
on the first link which will take us to the page we were
on go ahead and click access your property tax bill
and here you can actually start the process of looking for it
now there's a couple ways to do it we're going to talk about the first two
the easiest way is to use the address property address
search so if you click on this click agree
and you'll be able to actually type in the property itself
now we've selected an example today which is 115
Allen Street Apartment 3 and we'll go ahead and use that. So borough is
Manhattan, number is 115, street
allen street and apartment number three go ahead and hit search and you can see
here that we've actually located this particular property so it tells us
the owner name for the property it also tells us
the block and lot of the on the left side there are two
things the first is the property tax bill
itself and that's what we said we were going to find
so we'll go ahead and click on property tax bills
and here we are is the history of the property tax bills
so the most recent one for June 6, 2020 is available there click on the link and
it will actually tell you the bill so this is the bill this is the
owner this is his mailing address sometimes if the property is an
investment property or if the owner doesn't live there
full time the mailing address might be different
but in essence this is the amount due for the quarterly bill but more
interestingly enough is scrolling down and it tells us the
actual annual property taxes for the unit
so in this case the taxes before the abatements in star is 23,321.92
but for some reason the annual property tax is actually considerably
lower it's down to nineteen thousand dollars
and the reason for this is actually because this particular unit is
benefiting from the condo co-op tax abatement what that
means is the person who lives in this beautiful
apartment actually lives in the apartment it's their
primary residence and they live there you know full-time and
they are not owning this property in an llc so there's a number of requirements
that you would need to fulfill in order to
qualify but in short if you own a property a condo or co-op
quite frankly in manhattan or anywhere in the city
and it's your primary residence it's not an investment property it's not owned in
an llc you can qualify for a discount on your
property taxes of up to 28.1%
so we have this household article here which talks a little bit about it
so check out that url above but in essence you can save anywhere from 17.5%
to 28.1% on your property taxes so if we
scroll down here you can see how that's calculated the amount of the
discount is based on the average assessed value
in this case the average assessed value or the assessed value is $186,979
so if we go back to this table you'll see that we're in the
highest bracket which means that quite frankly from the
vast majority of properties here in manhattan more expensive properties
the savings on property taxes for this condo club abatement will be 17.5%
so the reason why we talked about that is because as a buyer or a seller
when you see a condo listing online you'll want to know for example
these taxes are these the taxes with the abatement
or without the abatement because if this property was an investment property or
was owned in an LLC it would mean that the current owner is
not receiving that discount and therefore the monthly
taxes on the listing could potentially be lower if as the
purchaser you qualified for the abatement
so a really adept buyer's agent and an educated buyer is going to be asking
does that tax figure include the abatement
and the way to find out is as we've done go to the property tax site
look it up click on the property tax bill and go ahead and check for yourself
to see whether they're receiving the co-op condo
tax abatement now the other cool thing you can do
on the property tax site is to look up the square footage of the unit
now to do that go ahead and click on notices of property value on the left
and just go ahead and click on the most recent notice of property value
now if you scroll down it's going to give you some information about the unit
right here net square footage of the lot from the condo declaration
which is 1805. so this is another good way to fact
check the square footage on the listing looks like here they were being very
honest and that does correspond with the number
on file with the department of finance so there you have it we showed you how
to look up a tax bill and we showed you how to look up the
square footage of a unit using the new york city
department of finance website now before we let you go
we just want to remind you as well that you can also search by block and lot
block and lot are like the codes or identifiers
for particular properties here in the city so if you don't have luck with
the property address search sometimes it doesn't work and we we can't figure out
why to be honest you can definitely make it work by using
the bbl search the easiest way to find the bbl
in my opinion is if you're on street easy scroll down
to the record of the previous sale click on that
and click on the original filing now the original filing will
give you down here the block and lot of the property
so if we were to type in 415 and 1103 in this interface and hit search we
would be able to come up with the same page
as we had before when we used the address way to search.
So we hope you found this video helpful! If you have any comments or questions
please leave a comment below the video, please like the video if you enjoyed it
and we'd love to have you as a subscriber as well!
Thanks again for watching. I'm Nick at Hauseit and we'll see you on the next
video.