321 EAST 71 STREET

FY2026–27 final assessment roll · Extract 2026-05-15

+13.7% change in DOF market value from the prior year.

Land value

$783,000.00

Building/improvement value

$5,864,000.00

Actual assessed value

$2,991,150.00

Assessed land

$352,350.00

Transitional assessed value

$2,603,680.00

Actual assessed-value exemptions

$121,105.00

Billable assessment before exemptions

$2,603,680.00

Billable assessed-value exemptions

$108,280.00

Taxable assessment after exemptions

$2,495,400.00

FY2025–26 DOF market value

$5,848,000.00

Prior-year actual assessed value

$2,631,600.00

Prior-year taxable assessment

$2,353,557.00

DOF values are used for property taxation. Condo and co-op tax valuations can differ substantially from sale prices. This is a tax-purpose estimate; comparable sales remain a separate valuation source. Roll exemptions can include STAR under DOF’s published layout.

These values cover the whole tax lot and do not value individual co-op shares.

FY2026–27 · DOF statement 2026-08-15 · 321 E. 71ST ST.

The printed annual tax already deducts $25,087.76 in abatements and/or STAR.

The calculation deducts $86,180.00 in assessed-value exemptions before applying the tax rate.

Billable assessment on this statement

$2,603,680.00

Tax rate on this statement

12.4390%

Annual tax before abatements/STAR

$313,151.84

Monthly equivalent before abatements/STAR

$26,095.99

The before-abatement amount adds the printed deduction back to the annual tax, holding the assessment and rate unchanged. It does not predict benefit expiration, future taxes or a buyer’s eligibility.

DOF tax-purpose market value on this statement: $6,647,000.00.

Basic Star - School Tax Relief 3 units $807.00
Enhanced Star - School Tax Relief 2 units $1,294.00
Co-op/Condo Abatement 16 units $22,986.76

This covers the whole tax lot. Co-op building taxes cannot be added to an apartment’s maintenance or divided among its units.

How we calculate your annual taxes:
Billable assessed value: $2,603,680.00
minus exemptions: – $86,180.00
times the current tax rate: x 12.4390%
minus abatements and/or STAR: – $25,087.76
Annual property tax: $288,064.08

FY2027 2Q source abatement terms, dated 2026-08-15. Dates and amounts do not guarantee eligibility after purchase. Per-cycle amounts are not annualized; overlapping calculations are not summed.

Published benefit amounts and dates do not guarantee eligibility after a purchase. An end date alone does not establish the future tax bill; assessment, tax rate and other benefits may change.

Source updated 2026-10-05 · collected 2026-10-09.

Final exemption values reduce assessed value; they are not cash savings or annual taxes. No expiration date inferred from a start year or duration.

Published benefit amounts and dates do not guarantee eligibility after a purchase. An end date alone does not establish the future tax bill; assessment, tax rate and other benefits may change.

Source updated 2026-09-15 · collected 2026-10-09.

Source updated 2026-08-15 · collected 2026-10-10.