The Dept. of Finance misapplied their own tax formulas to as many as 10 percent of Queens co-ops, Comptroller John Liu .
But how did the agency fair with the mathematics of tax assessment for single family homes or businesses?
The comptroller's office hasn't yet looked into it, nor announced plans to.
"The co-op tax assessments are outrageous, so I hope that co-op owners' groups will lobby and use ," said Patch blogger and Bayside homeowner David R. Yale, adding, "But tax rates for individual homeowners in Bayside are also outrageous. Ours have more than doubled since we bought our house. Has anyone compared how individual houses in Bayside are valued and assessed by the Department of Fine Ants in comparison with other parts of the city and in comparison with other types of property?"
At a on Tuesday night at the , Liu said he would need single family homeowners—who live nearby one another in concentrated areas—to come forward to him with concerns about the validity of their assessments.
Liu said his office would "continue to monitor compliance with recommendations" made by his office to the DOF. In response to his investigation, the DOF denied that their assessments of co-ops and condos .
Liu's office can be reached by calling 212.669.8720.
