The widget to the right will tell you the assessment of an entire property by address. Make sure you use the right address syntax, or the widget will not be able to find your number!

1. Capitalization is unimportant

2. Spell out all cardinal directions and street titles (Avenue, South, etc.)

3. Let numbers stand alone (no “6th” or “2nd” just “6” and “2”)

4. Apt numbers are all one word, no hyphens, beginning with “#”

   e.g. #12B, #PH2 etc.

NOTE: If you live in 1 Northside Piers, please write 1 NORTH PIER as the address, followed by unit number as above.

If the widget still doesn’t work, look up your BBL on the DOF website or use our manual calculator.

Properties (Including Condos) Pay Assessment Fees.

Each property with a unique Borough, Block, and Lot (BBL) within the BID boundaries would pay a single fee. The fee is collected alongside property taxes, and thus is directly levied on the owner of the property. It can be thought of like an increase in property taxes, with one major difference…

The formula is based on the maximum BID budget, which does not rise year-over-year with neighborhood Market Values and Assessed Values.

The current formula is based on 2024-2025 data. When the BID is formed, assessment numbers will have shifted slightly to account for major property changes in the neighborhood. The maximum BID assessment is set and will not grow year-over-year with rising property values. If a property undergoes a large-scale transformation (such as construction or demolition), causing its Assessed Value to shift drastically in comparison to other properties, that property’s assessment will go up or down to account for the change. Since the maximum BID assessment is fixed, other assessments will adjust slightly in the opposite direction.

Passing Down the Fee: Commercial Tenants

Every commercial lease is different, but it is very likely that the OpEx clauses of your commercial lease would automatically pass down some or all of the BID assessment. Business owners happily pay their properties’ fees in BIDs across the city, which is why BIDs ensure that their services benefit those small businesses in return. Properties with multiple commercial tenants usually split the fee evenly between them.

Passing Down the Fee: Residential Tenants

There is no BID fee levied on residential tenants, and it is against the law for a property owner to pass down their BID assessment to their residential tenants.

That being said, any rise in operating costs can influence the rent of unregulated units. If you would like to calculate how your rent would change were your landlord to evenly raise rents to completely offset the fee, simply look up your property’s fee and divide by the number of units. This calculation usually yields around a $20-35 per month increase. There is no guaranteeing that this would be the case, however, as the fee is ultimately levied on nobody but owner of the property.

Note — Large properties Pay the bulk.

The three highest-paying properties would combine (at maximum) to an annual contribution of almost $600k. That is equivalent to around 220 4-story mixed-use properties combined. There is no preferential treatment a BID can give to its highest-paying members when it comes to neighborhood services. Sanitation and beautification would be evenly spread throughout the neighborhood.