New York City calculates property tax based on New York State Property Tax law. Every county has local assessors and the assessor is responsible for calculating the assessed value for every property. But since 1981 there has been a limit on how much the assessed value can increase per year in New York City and Nassau County. This means that a new building that comes on the tax roll today, this property will come on the tax roll at the maximum amount that it can be taxed. But a building built in 1890 will have a much lower assessed value usually.
Because of the limits of the assessment value change, it causes every property to be a special case. The only way to see the special cases is to actually chart and map it.To search by owner or property or LLC see property tax search engine. This reminds me of "Life of Galileo" where Galileo says "The reasons? - When a glance at the stars themselves and my own observations will demonstrate the phenomenon. Sir, the disputation is becoming absurd." So let's look at the map.
This is the tax rating map for Manhattan NY. RED means the property is near its tax limit.
This is the tax rating map for the Bronx NY. RED means the property is near its tax limit.
This is the tax rating map for Brooklyn NY. RED means the property is near its tax limit.
This is the tax rating map for Queens NY. RED means the property is near its tax limit.
This is the tax rating map for Staten Island NY. RED means the property is near its tax limit.