Department of Mame IMPORTANT INFORMATION vm ABOUT YOUR PROPERTY gi NOTICE OF PROPERTY VALUE S56110 0 SLIM, PRESORT 5409 I AV 0 368 P1C25 <34S, Eti 8529015016011501* MAPLE. INC. 9 E 71ST ST NEW YORK NY 10021-4102 January 15, 2016 OWNER NAME MAPLE, INC. PROPERTY ADDRESS 9 EAST 71 STREET BOROUGH BLOCK LOT MANHATTAN 1386 10 TAX CLASS: 1 (Primarily one to tin unit residential PrOPertY) BUILDMIG CLASS: AS (One-tamily dwelling) UNITS: 1 residential THIS IS NOT A BILL. This notice gives you information about how the New York City Department of Finance values your property. Market Value Assessment Percentage Assessed Value Effective Market Value Exemption Value Taxable Value Exemption: None Current Tax Year July 1, 2915 - June 30. 2016 $43,601,000 6% 31,465,344 Change +$15,260,000 $68,861,000 6% $1,553,284 $25,887,733 SO $1,553,284 Definition- Market Value is the estimated value for 1-3 family homes based on recent comparable sales. Assessment Percentage is a fixed percentage of Market Value that is set by law. For class 1 properties, it is 6%. Assessed Value (AV) Is calculated by multiplying your Market Value by the Assessment Percentage. A cap on AV imposed by New York State law can affect your Assessed Value. Your AV cannot increase more than 6% a year or 20% over five years unless you have made a physical change to your buiding. Effective Market Value is calculated by dividing the AV by the Assessment Percentage. Your Effective Market Value of 525,887,733 is calculated by taking the AV of $1,553.264 and dividing it by 6% (.06). Exemption Value is the amount of property tax benefits you currently have (except for abatements, which are not listed above but are listed on your property tax bits). This value is subject to change_ If you recently applied for exemptions, they may not be listed. If you would like to apply for any personal homeowner exemptions, please submit your application by March 16, 2016. Other exempt