$110,618,000.00 · DOF market valueWhole tax lot · BBL 4020860050
FY2026–27 final assessment roll · Extract 2026-05-15
+14.6% change in DOF market value from the prior year.
- Land value
- $27,063,000.00
- Building/improvement value
- $83,555,000.00
- Actual assessed value
- $49,778,100.00
- Assessed land
- $12,178,350.00
- Transitional assessed value
- $43,265,880.00
- Actual assessed-value exemptions
- $2,419,441.00
- Billable assessment before exemptions
- $43,265,880.00
- Billable assessed-value exemptions
- $2,263,636.00
- Taxable assessment after exemptions
- $41,002,244.00
- FY2025–26 DOF market value
- $96,532,000.00
- Prior-year actual assessed value
- $43,439,400.00
- Prior-year taxable assessment
- $38,894,625.00
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) ↗$3,964,126.08/yr · $330,343.84/mo equivalentWhole tax lot · BBL 4020860050
FY2026–27 · DOF statement 2026-08-15 · 97-40 62ND DR.
The printed annual tax already deducts $1,281,321.76 in abatements and/or STAR.
The calculation deducts $1,096,511.00 in assessed-value exemptions before applying the tax rate.
- Billable assessment on this statement
- $43,265,880.00
- Tax rate on this statement
- 12.4390%
- Annual tax before abatements/STAR
- $5,245,447.84
- Monthly equivalent before abatements/STAR
- $437,120.65
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: $110,618,000.00.
Named benefits on the statement
Basic Star - School Tax Relief 131 units $35,239.00
Enhanced Star - School Tax Relief 144 units $93,018.44
Co-op/Condo Abatement 871 units $1,156,786.20
Restore Taxes -4180 -$3,721.88
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: $43,265,880.00
minus exemptions: – $1,096,511.00
times the current tax rate: x 12.4390%
minus abatements and/or STAR: – $1,281,321.76
Annual property tax: $3,964,126.08
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.