How are properties assessed for tax purposes in New York City?Explain

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1. How are properties assessed for tax purposes in New York City?
2. How are property taxes computed based upon the assessment?
3. When are property taxes levied?
4. When must the property taxes be paid?
5. What occurs when payment is delinquent?
6. What is the appeals process if you believe the assessment is wrong?
7. Does New York State have any caps on the amount that property taxes can increase in a given year?

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