Help with HIGH tax assessment

[Timothy Reeb Jr]

Hi BP Community,

I've found a property for an investor In East Williamsburg, its a 6 unit and C-2 zoned. The taxes are incredibly high for this type of commercial property and I was hoping somebody might have some advice on why it is so high and how/if it can be adjusted. I appreciate any and all help.

Listed below is the property I want for my client and its tax breakdown

Year	Use code	Market value	Assessed value	Taxable	Tax rate%	Base tax	Current property tax
2013/14	C2	$871,000	$331,800	$331,800	13.145%	$42,009	$45,530

Listed below is an exact same 6 unit C-2(this is common for almost all in the neighborhood)

Year	Use code	Market value	Assessed value	Taxable	Tax rate%	Base tax	Current property tax
2013/14	C2	$558,000	$36,792	$36,792	13.145%	$4,836	$5,221