$7,031,000.00 · DOF market valueWhole tax lot · BBL 4001960032
FY2026–27 final assessment roll · Extract 2026-05-15
+7.0% change in DOF market value from the prior year.
- Land value
- $960,000.00
- Building/improvement value
- $6,071,000.00
- Actual assessed value
- $3,163,950.00
- Assessed land
- $432,000.00
- Transitional assessed value
- $2,967,750.00
- Actual assessed-value exemptions
- $224,837.00
- Billable assessment before exemptions
- $2,967,750.00
- Billable assessed-value exemptions
- $216,774.00
- Taxable assessment after exemptions
- $2,750,976.00
- FY2025–26 DOF market value
- $6,574,000.00
- Prior-year actual assessed value
- $2,958,300.00
- Prior-year taxable assessment
- $2,641,300.00
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.
Official DOF final assessment roll (ZIP) ↗$269,510.64/yr · $22,459.22/mo equivalentWhole tax lot · BBL 4001960032
FY2026–27 · DOF statement 2026-08-15 · 47-20 42ND ST.
The printed annual tax already deducts $84,474.20 in abatements and/or STAR.
The calculation deducts $121,984.00 in assessed-value exemptions before applying the tax rate.
- Billable assessment on this statement
- $2,967,750.00
- Tax rate on this statement
- 12.4390%
- Annual tax before abatements/STAR
- $353,984.84
- Monthly equivalent before abatements/STAR
- $29,498.74
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: $7,031,000.00.
Named benefits on the statement
Basic Star - School Tax Relief 8 units $2,152.00
Enhanced Star - School Tax Relief 11 units $7,117.00
Co-op/Condo Abatement 46 units $67,626.20
J51 Abatement $7,579.00
This covers the whole tax lot. Co-op building taxes cannot be added to an apartment’s maintenance or divided among its units.
Read official DOF tax bill ↗How we calculate your annual taxes:
Billable assessed value: $2,967,750.00
minus exemptions: – $121,984.00
times the current tax rate: x 12.4390%
minus abatements and/or STAR: – $84,474.20
Annual property tax: $269,510.64
HOA, common charges and maintenance require documented building or unit evidence. Sales and DOB records do not establish these amounts. A zero property-tax bill does not establish zero PILOT or other ownership charges. Bills may change with tax rates or benefits; monthly figures are annual equivalents.