Returned Equity

237 74th Street, Brooklyn, NY 11209

Public records show this home is assessed 15% above what it sold for. Owners can appeal an assessment that is above market value.

Sold December 2025$1,200,000
Assessed at$1,381,000
Above the sale price15%
Est. saving / year~$2,172

The saving assumes the assessment is cut to the sale price.

How to appeal in Brooklyn

NYC publishes the tentative 2028 assessment roll in January 2027. Owners of 1-3 family homes can apply to the NYC Tax Commission, usually by March 1. Class 1 assessment caps can limit how much a lower market value cuts the bill. Official appeal page.

Parcel 3-5917-63. Sale: arm's-length, December 2025. Figures come from public assessment and sales records and may be out of date; the assessor may weigh condition, renovation and other factors, and an appeal can be denied. This is not legal or tax advice.

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