488 Franklin Avenue, Brooklyn, New York, NY 11238


Address: 488 Franklin Avenue, Brooklyn, New York, NY 11238
Owner: BROOKLYN PUBLIC LIBRA

488 Franklin Avenue, Brooklyn, New York, NY 11238 (Parcel #3019970032) is a property assessed by City of New York, Department of Finance (DOF). The owner is BROOKLYN PUBLIC LIBRA. The assessed value is 549900.

Property Overview

Borough-Block-Lot-Easement (BBLE) 3019970032
Borough: 3 (Brooklyn), Block: 1997, Lot: 32
Property Address 488 Franklin Avenue
Brooklyn
New York, NY 11238
House Number Range 488 - 498
Owner BROOKLYN PUBLIC LIBRA
Building Class P8 (LIBRARY)
Exempt Class X1 ()
Property Tax Class 4 (ALL OTHERS)
Lot Width 120
Extension Indicator E
Number of Stories 2
Assessment Year 2017/18
Estimated Market Value 1222000
Actual Assessed Total Value 549900
(45% of estimated market value)
Transitional Assessed Total Value 491850
Actual Exempt Total Value 549900
Transitional Exempt Total Value 491850
Exempt Class X1
Exemption Code 2232 - PUBLIC LIBRARY - Legal Reference: RPTL § 406(1)
Building Width 74
Building Depth 69
Assessment Period When File Created FINAL

Assessment Information (year 2016)

Description Land Value Total Value
(Current) (Tentative) (New) (Current) (Tentative) (New)
Estimated Market Value 274000 274000 1158000 1222000
Actual Assessed Value 123300 123300 123300 521100 549900 549900
Actual Exempt Value 123300 123300 123300 521100 549900 549900
Transitional Assessed Value 125820 123300 123300 467820 491850 491850
Transitional Exempt Value 125820 123300 123300 467820 491850 491850
Estimated market value changed on 12/27/2016. Tentative assessed value changed on 12/27/2016. Final assessed value changed on 12/27/2016.

Property Assessment History

Year Estimated Market Value Increase % Assessed Land Value Assessed Total Value
2009/10 901000 0.00% 405450 117450
2010/11 946000 4.99% 425700 123300
2011/12 974000 2.96% 438300 135900
2012/13 955000 -1.95% 429750 135900
2013/14 987000 3.35% 444150 123300
2014/15 1004000 1.72% 451800 123300
2015/16 1094000 8.96% 492300 123300
2016/17 1158000 5.85% 521100 123300
2017/18 1222000 5.53% 549900 123300

Property Location

Borough-Block-Lot-Easement (BBLE) 3019970032
Borough: 3 (Brooklyn), Block: 1997, Lot: 32
Property Address 488 Franklin Avenue
Brooklyn
New York, NY 11238
House Number Range 488 - 498
Borough Brooklyn
Zip Code 11238

Owner Overview

Owner BROOKLYN PUBLIC LIBRA

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Dataset Information

Data Provider City of New York, Department of Finance (DOF)
Jurisdiction New York

This dataset includes 1.07 million properties assessed by City of New York, Department of Finance (DOF). The data contains property, or parcel, ownership together with value information, which ensures fair assessment of New York taxable and non-taxable property of all types and classifications. Each property is disclosed with parcel id, address, owner, mailing address, assessed value, etc.

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