Liu Says Property Owners Suspicious of Tax Assessments Should Contact His Office

The city's Department of Finance misapplied their own tax formulas to as many as 10 percent of Queens co-ops, city Comptroller John Liu recently said.

But how did the agency fair with the mathematics of tax assessment for single family homes or businesses?

The comptroller's office hasn't yet looked into it, nor announced plans to.

"The co-op tax assessments are outrageous, so I hope that co-op owners' groups will lobby and use litigation to seek redress," said Patch blogger and Bayside homeowner David R. Yale.

At an event on Tuesday night at the Colonial Church of Bayside, Liu said he would need single family homeowners -who live nearby one another in concentrated areas - to come forward to him with concerns about the validity of their assessments.

Liu said his office would "continue to monitor compliance with recommendations" made by his office to the DOF.

Earlier this month, Liu which found that the DOF failed to explain changes it made to its market value calculations that resulted in .

The audit found that the agency assigned questionable values and made errors when figuring out the assessments for the units.

The DOF has denied that their assessments of co-ops and condos were incorrect.