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New York City · guides

For anyone reading the money

Assessed is not market, and here the gap is the point

New York assesses most property at a fraction of what it would fetch and limits how fast that figure may climb. A $577m assessment is not an estimate of the price.

The assessed value on a New York lot is not an estimate of the price, and the gap between them is usually enormous.

Assessed at a fraction, capped on the way up

New York assesses most property at a fraction of market value and limits how fast the assessed figure may rise year to year. Both rules push the number on the roll away from what the building would fetch, and neither is a discount a buyer receives. Reading the assessment as a valuation is the commonest mistake made with this data.

What the roll does give you

That is more than any other city in this product publishes on its roll. Cincinnati's county, by comparison, gives a market value and almost nothing else, and its report has to name the year built and the unit count as absent.

What it does not give you

A sale price. New York records transfers through ACRIS, a different system on a different schedule, and it is not in this feed. A report that showed no sale would be saying nothing about whether the building sold, so it says nothing rather than implying it never did.

Counts run 12 September 2026.

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