FIND YOUR (ENTIRE PROPERTY’S) ASSESSMENT FEE
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!
Capitalization is unimportant
Spell out all cardinal directions and street titles (Avenue, South, etc.)
Let numbers stand alone (no “6th” or “2nd” just “6” and “2”)
Apt numbers are all one word, no hyphens, beginning with “#”
e.g. #12B, #PH2 etc.
Assessment Lookup
Search the assessment fee of an entire property by either **Address** or **BBL**. Results will be the same.
Maximum Yearly Assessment Estimate:
Estimated Starting Assessment:
If the widget still doesn’t work, try other addresses of the property, look on the DOF website, or use our manual calculator.
UNDERSTANDING YOUR ASSESSMENT
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.
Assessments are usually split between the tenants of a property.
The landlord of a property usually passes down their assessment in their commercial lease, as the BID’s services help businesses attract customers. In all cases, especially with mixed-use buildings, businesses should check their leases to see how much of the fee will be passed to down them.
While it is forbidden to explicitly pass down the BID assessment in a residential lease, most property owners will offset the assessment costs by slightly raising the rent of their tenants. For example, an 8-unit property with an annual assessment of $2,300 will divide out to a rent increase of about $20 per month for each unit. Say those units are 2-bedrooms paying $5,000 a month (the median 2-bedroom rent in Williamsburg): that is a singular 0.4% increase in rent which does not compound in any way.
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.