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TAX COMMISSION OF THE CITY OF NEW YORK
1 Centre Street, Room 2400, New York, NY 10007 TC101INS
FORM TC101 INSTRUCTIONS FOR 2024 2024/25
APPLICATION FOR CLASS TWO OR CLASS FOUR PROPERTIES

Read TC600 How to Appeal a Tentative Assessment (Form TC10).

before you begin to complete this form.
A date-stamped Form TC10 is the only acceptable proof
Who should use this form? Use Form TC101 to of timely filing. Proof of mailing, or a return receipt from
protest only the valuation of a property in tax class two the post office or an express delivery company, is not
or four, including a claim that the statutory limits on acceptable proof of timely filing with the Tax
annual increases have been exceeded by the Commission.

Department of Finance for the tax year that will begin on
File an original. Keep a photocopy for your records and
July 1, 2024. If you are making a classification or
to use at your hearing. See TC600 for information about
exemption claim either alone or with a valuation claim,
filing additional copies of your application with your
use Form TC106. Use just one application form for each
original.
property.

Applications require an original signature and,
What other forms and instructions are needed?
therefore, may not be filed by fax or e-mail.

Form TC10 Receipt.
Supplemental affidavits. Use Form TC159,
One or more of the following may also be required as an supplemental affidavit, to provide additional or missing
attachment to the application: information, or to correct any information that is

misstated in the application or attachments. See Form
TC200 Addendum to Application
TC600 and TC159.

TC201 Income Schedule (Rental Property)
Completeness. Your application should be complete
TC203 Income Schedule (Coop or Condo) when filed. Failure to answer all questions may

result in your application being denied review by the
TC208 Income Schedule (Hotel or Motel) Tax Commission.

TC214 Income Schedule for Department Stores,
An income and expense schedule may be required.
Theaters, and Service Sites For most properties, an income and expense schedule

TC230 Sale Statement must be attached to the application for correction. Use
Form TC201 if the property produced rental income in
TC244 Agent’s Statement of Authority and 2023. Use Form TC203 for residential and commercial
Knowledge (when an agent signs the cooperatives and condominiums. Use Form TC208 for
application) Note: a Power of Attorney is hotels and motels. Use Form TC214 for department
required to be filed with Form TC244. stores, public parking garages and lots, and theaters

TC309 Accountant’s Certification where the Applicant is the business operator or a related
person. If the Applicant operates its own business in
When and where to file. The Tax Commission must part of the property, and rents part of the property, attach
receive your application by 5:00 P.M. on March 1, 2024. both Form TC201 and Form TC214. Form TC214 is not
The deadline is set by law and cannot be waived or required for an operator of a department store having
extended for any reason. Late applications will not be less than 10,000 gross square feet of retail space.
reviewed.
A net lessor leasing to a related lessee who occupies
Filing by mail. Mail the completed Form TC101 to the the property may use Form TC200, Part 5, instead of
Tax Commission, 1 Centre Street, Room 2400, New TC201 to report net lease information. A net lessor with
York, NY 10007. DO NOT MAIL THE TC101 TO ANY a related lessee who sublets any part of the property to
OTHER ADDRESS. Applications received after the unrelated sublessees must use TC201.
March 1 deadline will not be accepted even if they
were mailed before that date. Include a self- An income and expense schedule is not required when:

addressed, stamped Tax Commission receipt Form • Property produced no rental income in 2023;
TC10. • Applicant’s operation began after July 1, 2023,

Filing in Person: Bring the completed application forms unless the prior operator was a related person;
to the Tax Commission’s Manhattan office at 1 Centre • Property is exclusively residential with six or fewer
St. or to a Finance Dept. Business Center in any apartments; or
borough by the deadline. Get a date-stamped receipt • Property is owner-occupied and used by a business

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for which Form TC214 is not required, such as a residential property with six or fewer apartments and no
factory, bank, club, nursing home or office. more than one commercial unit, and (iii) residential
cooperatives with less than 2,500 square feet of
Information for certain Applicants not otherwise
commercial space, not including a garage.
required to report rental income and expenses. If
an Applicant owned income-producing property before FEE FOR CERTAIN PROPERTIES - A $175 fee is
January 1, 2023, but is not required to report income and charged for all Applications for Correction where
expenses for 2023, and the property is rented or offered the assessed value on the Notice of Property Value
for rent on January 5, 2024, the Applicant must either for 2024/25 is $2 million or more. No fee is due if the
provide the information required in section 2 of TC101 Applicant or representative waives review of the
or complete Part 4 of TC201. Attach Form TC201 to the application before it is scheduled for review. DO
application or submit it at the hearing with Form TC159. NOT PAY THE FEE WITH THIS APPLICATION. THE

FEE WILL BE INCLUDED ON THE REAL PROPERTY
Forms and information.
TAX BILL. If the fee is unpaid, review of your
Tax Commission forms are available at
application may be denied and any offer of
www1.nyc.gov/site/taxcommission/index.page, at the
correction revoked.
Tax Commission’s Manhattan office and at Finance
Dept. Business Centers in each borough. If you have Definitions for purposes of completing Form TC101:

questions about the application procedure, contact the
Tax Commission by e-mailing tcinfo@oata.nyc.gov. Construction or major alteration. Construction or
Address questions about how your assessment was major alteration work includes any work that (a)
determined or general questions about real property tax increases the enclosed floor area or cubic content of a
building, (b) renovates a substantially vacant building (c)
assessments to the Finance Dept. on their website:
www1.nyc.gov/site/finance/about/contact-us.page or converts the use of one or more floors of a building, such
call 3-1-1. as from office to residential use, (d) completes
renovation, or tenant installations affecting at least 25%
Form TC200 may be required with TC101. Form of a building’s area, (e) installs or replaces HVAC,
TC200 generally is required with TC101 when: elevators, electric wiring or plumbing, (f) replaces at

least one of the exterior faces of the building, or (g) costs
• Applicant is not an owner or lessee of the entire
or is expected to cost an amount that equals or exceeds
property who pays all property charges, such as
the tentative total actual assessment under review.
taxes, insurance and maintenance of the entire
property; Demolition. Demolition is any work involving the
• Applicant is a partial tenant, a tenant who does not dismantling, razing or removal of all of a building or
pay all property charges, a contract vendee, structure, or the dismantling, razing or removal of
mortgagee, receiver, trustee in bankruptcy, or owner structural members, floors, interior bearing walls, and/or
of a divided interest; exterior walls or portions thereof.

• Applicant is a lessee who does not report the lease
Owner. The owner is the individual(s) or entity having
information on Form TC201, TC208 or TC214.
legal title to the real property assessed. Unless title has
• Either question in Part 10 is answered “yes” as to
been conveyed to a trust, the trust is not the owner.
construction, major alteration or a sale. If
information regarding a sale or contract of sale is to Related persons. Related persons include individuals
be provided after the application is filed, it must be related by blood, marriage or adoption, individuals and
reported on either Form TC200 (if the sale is the business entities they control, business entities
between related parties) or TC230, and filed with a under common control, and fiduciaries and the
completed Form TC159 at the hearing. beneficiaries for whom they act. A person includes a
• The application is signed by a fiduciary. corporation or other business entity.

If TC200 is not filed when necessary, the application Year of purchase. The year the owner or other
will not receive Tax Commission review. See TC200 Applicant or any related person purchased the property
Instructions for complete information on when to or acquired an interest in the property.
file TC200.

Part 7 –Outdoor space. Specify whether the outdoor
space is used for signage, cell towers/telecom
equipment, and/or generators.

Part 8 - Floor area. Provide approximate gross floor
area to the best of your knowledge and ability. Measure
from exterior wall to exterior wall for each floor. This
section is optional for: (i) residential property with ten or
fewer apartments and no commercial space, (ii)
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TAX COMMISSION OF THE CITY OF NEW YORK
 High Value
1 Centre Street, Room 2400, New York, NY 10007
TC101
 Copy 2024/25
APPLICATION FOR CORRECTION OF ASSESSED VALUE
OF TAX CLASS TWO OR FOUR PROPERTY
READ TC600 AND THE SEPARATE INSTRUCTIONS (TC101 INS) BEFORE YOU BEGIN. COMPLETE ALL PARTS OF THE FORM. ANSWER “YES” OR
“NO” TO QUESTIONS MARKED .
NOTE: A $175 FEE IS REQUIRED FOR APPLICATIONS WHERE THE 2024/25 ASSESSED VALUE ON THE NOTICE OF PROPERTY VALUE IS $2 MILLION OR
MORE. DO NOT PAY THE FEE WITH THIS APPLICATION. SEE TC600 FOR MORE INFORMATION.

1. PROPERTY IDENTIFICATION - A separate application is required for each tax lot. 2024/25 1YEAR
BOROUGH (Bronx, Brooklyn, Manhattan, Queens or Staten Island) BLOCK LOT ASSESSMENT YEAR
2024/25
FULL ADDRESS OF PROPERTY (WITH ZIP CODE)

 Lot is filing consolidated income and expense schedule with one or more other blocks and lot(s). (TC166 must be filed.)
2. APPLICANT - The Applicant must be an owner or other person adversely affected by the assessment, not an
attorney or agent. See TC600 “Who May Apply”. ______________ BOROUGH
Name of Applicant ______________________________________________________________________________________________________
 Is Applicant an owner/title holder of entire property? _____ If YES, is the entire property subject to a net lease? _____ See TC101 Instructions.
 Is Applicant a lessee (tenant) of entire property who pays all property charges and is not barred from contesting the assessment? ____ If YES , check
box (a) or (b).
(a) Lease from unrelated owner or sublease. Provide lease information on Form TC200 or TC201. See TC101 Instructions.
(b) Lease from a related owner. Specify Applicant's relation to owner___________________________________________________________
If neither owner nor lessee of entire property, explain Applicant's relation to property ______________________________________ and submit Form
TC200. FAILURE TO SUBMIT FORM TC200 WILL RESULT IN DENIAL OF A REVIEW OF YOUR APPLICATION. _________ BLOCK
 Does Applicant claim eligibility for review without filing an income schedule (TC201, TC203, TC208 or TC214) or net lease rent on TC200? ______. If
YES, specify the reason: _________________________________________________________________________________________________.
 If YES and property is 4, 5, or 6-unit exclusively residential property, is any part of the property rented or being offered for rent as of January 5, 2024?
_____(Y/N). If YES , enter ______% floor area at or above grade that is rented or offered for rent and enter the 2023 gross rent: $ __________
If TC101 is filed after March 1, application is eligible for review because filing is within 20 calendar days of:  Apportionment notice Notice of increase _______ LOT
You must attach a copy of the apportionment notice or notice of increase from the Finance Dept.
3. REPRESENTATION - Complete this section even if you will represent yourself.
PHONE NO. FAX NO.
(_____________) ______________-----______________ (____________) ______________-----_______________
NAME OF INDIVIDUAL OR FIRM TO BE CONTACTED GROUP #, IF ANY
___________ GROUP #
MAILING ADDRESS EMAIL ADDRESS

The person listed is:  The Applicant An attorney  Other representative  Employee or officer of owner legal entity named in Pt. 2
4. ATTACHMENTS - List all schedules and documents attached to this application. Number the pages. TC101
_________________________________ _________________________________ ___________________________________
_________________________________ _________________________________ ___________________________________
 Lot is consolidated. See attachments to application for block ________ lot ______. Last page number _____
Attach a statement of facts and other documents supporting your market value estimate or submit them at hearing. If you request review on papers in Part
5, submit supporting facts and other documents with the application.
5. HEARING REQUEST - Check only one box.
Review on papers submitted without a personal hearing Video conference using Microsoft Teams Personal hearing in Manhattan
Telephone hearing.
6. CLAIMS OF UNEQUAL OR EXCESSIVE ASSESSMENT
Applicant objects to the assessment on the grounds that it is (i) unequal or (ii) excessive because the assessment exceeds the full
value of the property or statutory limits on increases, as follows:
a. Tentative actual assessment $____________________________

b. Applicant's estimate of market value $____________________________

c. Requested assessment = line b x 45% assessment ratio $____________________________ 
The Applicant reserves the right to allege an assessment ratio lower than 45% and seek a lower assessment in a proceeding for
judicial review.
Do not use this form to claim unlawful assessment, misclassification, or full or partial exemption; use Form TC106. DATE RECEIVED
Signer's initials _______. You must initial this page if you do not use a two-sided application form.

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7. PROPERTY DESCRIPTION AS OF JANUARY 5, 2024 – Property uses, retail units, dwellings, parking spaces.
NUMBER OF BUILDINGS NUMBER OF STORIES ABOVE GRADE YEAR OF CONSTRUCTION

NUMBER OF DWELLING UNITS NUMBER OF RETAIL UNITS NUMBER OF VEHICLE PARKING SPACES
Indoor: ______________ Outdoor: ________________
YEAR OF PURCHASE NUMBER OF VEHICLE PARKING SPACES PAID
Indoor: ______________ Outdoor: ________________
USES (residential, office, retail, hotel, loft, factory, warehouse, storage, garage, theater, etc.).
FLOORS 3 -___ _________________________________________________________________________________________________________________________________
SECOND FLOOR _________________________________________________________________________________________________________________________________
FIRST FLOOR

BASEMENTS _________________________________________________________________________________________________________________________________
OUTDOOR SPACE (e.g. cell tower/telecom equipment, signage, generators)_______________________________________________________________________________________________
8. APPROXIMATE GROSS FLOOR AREA AS OF JANUARY 5, 2024
Floor All uses (above grade) Retail Garage Offices
FLOORS 3 - ___ sq.ft. sq.ft. sq.ft. sq.ft.
SECOND FLOOR sq.ft. sq.ft. sq.ft. sq.ft.
FIRST FLOOR sq.ft. sq.ft. sq.ft. sq.ft.
BASEMENTS sq.ft. sq.ft. sq.ft.
TOTAL AREA sq.ft. sq.ft. sq.ft. sq.ft.
9. USE BY APPLICANT
 On January 5, 2024, was any of the property used by the Applicant or related persons? _______. If YES, complete this Part 9.
Use by Applicant:  Entire property. Part. Specify location in building ___________________________________________________________
Approximate nonresidential gross floor area used by Applicant _______________ sq.ft., of which first floor ______________, basement ____________
Describe Applicant's use ______________________________________________________________________________________________________
__________________________________________________See instructions if used as a department store, public parking garage or lot, theater or hotel.
10. SALE, DEMOLITION OR CONSTRUCTION AFTER JANUARY 5, 2022 – Failure to answer BOTH questions will result
in denial of review.
 Has the property or an interest in it been bought, sold, transferred or placed under contract of sale after January 5, 2022? Yes  No.  To be provided at
or before hearing (see instructions.). If YES , submit Form TC230 or TC200 (submit TC200 for transfers between related parties only.)
 After January 5, 2022, has there been any construction, demolition or major alteration work or have plans for demolition or a new building been filed with
the Buildings Dept.? Yes  No.  If YES, submit Form TC200.
BOROUGH BLOCK LOT
11. SIGNATURE AND OATH
This application must be signed by an individual having personal knowledge of the facts who is the Applicant, a fiduciary, an agent, or an officer of a corporation,
a general partner of a partnership or a member or manager of a limited liability company (LLC), which legal entity either is the Applicant or a general partner or
member or manager of the Applicant. See instructions. NOTE: Forms TC200, TC244 and/or a Power of Attorney may be required. If required and not
attached to this application, it will be dismissed.
Signer is (check one of boxes i-vii below): If box (v) or (vi) is checked, Mark application “Special Counsel Review” on the top of page 1.)
i . The Applicant named in Part 2. (Check this box only if Applicant is an individual.)
ii. Officer of corporate Applicant named in Part 2. Title: _________________________________________
iii. General partner of partnership Applicant named in Part 2.
iv. Member or manager of, or individual officer of LLC Applicant named in Part 2. Signer’s Title: _______________________________
v.  An attorney, employee, property manager or other agent for Applicant named in Part 2. TC244 and a notarized power of attorney must be attached.
vi.  Fiduciary. Specify fiduciary’s relationship to Applicant __________________________ Form TC200 may be required. See TC200INS (instructions).
If signing as fiduciary for a corporation, partnership or LLC, enter name of entity: _______________________________________________
vii. An officer, general partner, or member or manager of an entity that is the general partner, member or manager of the Applicant.
Enter name of entity, relationship to Applicant and signer’s title: Name of entity __________________________________________________________
Relationship to Applicant _________________________________________________ Signer’s Title: ________________________________________
OATH I have read this entire application before signing below, including all instructions, whether on this form or on another. I am personally
responsible for the accuracy of the information provided on this application and on any attachments and I certify that all such information is true
and correct to the best of my knowledge and belief. I also understand that such information is subject to verification, is being relied upon by the
City of New York and that the making of any willfully false statement of material fact on this application or any attachments will subject me to the
provisions of the penal law relevant to the making and filing of false statements.
PRINT CLEARLY NAME OF PERSON SIGNING ____________________________________________________

Signed: ___________________________________________________________Date _____________________
The signer must appear and acknowledge the signature before a notary.
Sworn to before me (signature of notary): ________________________________________________________
NOTARY STAMP
County __________________________ State ___________________________ Date _________________

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