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IBO appeal refers to the process of contesting a property tax assessment made by the New York City Department of Finance through the Independent Budget Office (IBO). Property owners can file an appeal if they believe their assessed property value is incorrect, potentially leading to lower tax bills. The IBO reviews these cases and can provide recommendations, although it does not have the authority to change assessments directly. This process aims to ensure fairness and accuracy in property taxation.

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AnswerBot

3mo ago

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