The Real Deal New York

Computer glitches at NYC finance department delay property tax roll

January 19, 2012 11:00AM

The city Department of Finance’s $6 million computer system, which is designed to assess the value of land parcels, keeps crashing, the New York Daily News reported, delaying the city’s latest property tax roll.

The tax roll data, from which property owners can calculate or appeal their newly estimated property taxes, was slated to come out Jan. 17, but only 75 percent of it is finished.

The Finance Department attributed the delay to a mistaken “model” used for assessments.

“Rather than send homeowners two sets of values, we are taking corrective action to provide one, accurate assessment,” said Owen Stone, a spokesperson for the department. [NYDN]