NYC Department of Finance Hosts Citywide Sessions to Help Property Owners Understand Notice of Property Value
STATEN ISLAND, N.Y. – The NYC Department of Finance (DOF) is launching a series of citywide outreach events to assist property owners in deciphering their annual “Notice of property Value” (NOPV). This statement, mailed each January, provides critical details about a property’s tentative market and assessed values for the upcoming tax year.
“Our NOPV information sessions provide property owners with a valuable chance to gain a clearer understanding of their annual tentative property tax assessments and receive assistance from knowledgeable DOF staff,” said Preston Niblack, the department’s commissioner, in a press release. “These sessions are designed to empower property owners by explaining how assessments work,identifying potential savings,and guiding them through the available property tax benefit programs. By participating and leveraging these programs, you can lower your annual tax bill and keep more money in your pocket.”
The sessions will feature a team of experts, including property assessors, customer assistance specialists, and representatives from the agency handling disputed valuations. Attendees will receive an overview of the NOPV, learn about property taxes, explore potential savings through property tax exemptions, and discover how the Office of the Taxpayer Advocate can assist with specific tax issues. additionally, staff will guide property owners on filing a property assessment challenge with the Tax Commission.
The DOF will host sessions in each borough, with the Staten Island event scheduled for February 19 at the Staten Island JCC Bernikow/Mid-Island, located at 1466 Manor Rd. All sessions will run from 5 p.m. to 8 p.m.Here’s a breakdown of the full schedule for the 2025 NOPV information sessions:
| Date | Borough | Location |
|————|—————|———————————————–|
| Feb. 4 | Manhattan | David Dinkins Municipal Building, 1 Centre St., Mezzanine North |
| Feb. 19 | Staten Island | Berkinow/Mid-Island JCC, 1466 Manor Rd. |
| Feb. 20 | Brooklyn | Brooklyn Borough Hall, 209 Joralemon St. |
| Feb.26 | Queens | Queens Borough Hall, 120-55 Queens Blvd. |
| Feb. 27 | Bronx | Bronx Borough Hall, 851 Grand concourse |
These sessions are a crucial resource for property owners seeking to navigate the complexities of property taxes and maximize their savings. Don’t miss this opportunity to gain clarity and take control of your property tax assessments.
Understanding NYC Property Taxes: Insights from an Expert on DOF’s NOPV Sessions
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In January 2025, the NYC Department of Finance (DOF) launched a series of citywide sessions to help property owners better understand their annual Notice of Property Value (NOPV) and navigate property tax assessments. To shed light on these critical events, we sat down with Dr. Emily Carter, a property tax specialist with over 15 years of experience in real estate and public finance. Here’s what she had to say about how these sessions can empower NYC property owners and help them save money.
The Purpose of DOF’s NOPV Sessions
Editor: Dr.Carter, can you explain the purpose of these NOPV sessions being hosted by the DOF?
Dr. Carter: Absolutely. These sessions are designed to demystify the Notice of Property Value (NOPV), which is mailed to property owners every January. The NOPV outlines the tentative market and assessed values of a property, which directly impact the property tax bills for the upcoming year. Many property owners find these notices confusing or overwhelming, so the DOF has created these sessions to provide clarity. Attendees will learn how assessments are calculated, explore potential savings through property tax exemptions, and get guidance on filing assessment challenges.
Who Should Attend and What to Expect
Editor: Who would benefit most from attending these sessions, and what can they expect to learn?
Dr. Carter: These sessions are ideal for any property owner in NYC, whether you’re a first-time homeowner or a seasoned investor. the DOF has assembled a team of experts,including property assessors,customer assistance specialists,and representatives from the Tax Commission,to address a wide range of concerns. Attendees will gain a thorough overview of the NOPV, learn how to identify potential savings through exemptions like the STAR program, and receive personalized assistance with specific tax issues. Additionally, staff will guide property owners through the process of filing an assessment challenge if they believe their property has been overvalued.
Key Takeaways for Property Owners
Editor: What are the most important takeaways property owners should leave with after attending these sessions?
Dr. carter: First and foremost, property owners should leave with a clear understanding of how their property taxes are calculated and what factors influence their assessments.They should also be aware of the various tax benefit programs available to them,as these can significantly reduce their annual tax bills. attendees should feel empowered to take action if they believe their property has been incorrectly assessed. The DOF staff will provide step-by-step guidance on filing a challenge with the Tax Commission, ensuring property owners have the tools they need to advocate for themselves effectively.
Conclusion
Editor: Thank you, dr. carter, for sharing your expertise. the DOF’s NOPV sessions are a valuable resource for NYC property owners. By attending these free events, property owners can gain a deeper understanding of their assessments, explore savings opportunities, and take proactive steps to manage their property tax bills. Don’t miss the chance to attend a session in your borough and take control of your property taxes.