NYC’s Department of Finance (DOF) has issued its annual tentative property tax assessment roll indicating that NYC-determined commercial property values have increased.

DOF’s tentative assessed values of office buildings rises 2.5% from FY 2024 to FY 2025, which is July through June, with taxable assessed values recording increases of 3.4% for trophy offices, 3% for Class A offices and 2.6% for Class B office space.


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Jack Rogers

GlobeSt

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