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2024 - 2025 Tentative Assessment
Tentative Assessment Roll for2024-2025 | City of New York
Taxable Status DateJanuary 5, 2024
 EXPLANATION OF ASSESSMENT ROLL
Owner NameMICHAEL AND KATHLEEN WILSON LIVING TRUST
Property Address118 LAKE STREET 11223
Billing Name and AddressMICHAEL AND KATHLEEN WILSON LIVING TRUST
  
 118 LAKE ST.
 BROOKLYN NY 11223-2735
Tax Class1
Building ClassA1 - TWO STORIES - DETACHED SM OR MID

Property Owner(s)
MICHAEL AND KATHLEEN WILSON LIVING TRUST
WILSON, KATHLEEN
WILSON, MICHAEL

Land Information
Lot Size 
        Frontage (feet)18.75
        Depth (feet)102.17
        Land Area (sqft)1,916
Regular / IrregularRegular
Corner 
Number of Buildings1
Building Size 
        Frontage (feet)13.75
        Depth (feet)37.00
Stories2
ExtensionN

Assessment Information
DescriptionLandTotal
                                 ESTIMATED MARKET VALUE188,0001,055,000
                                 6-20% limitation - AV3,52419,774
                                 EXEMPT VALUE1,400

Taxable/Billable Assessed Value
Assessed Value
Subject To Adjustments, Your 2024/25 Taxes Will Be Based On18,374

Exemption Information
CodeDescriptionExempt Value
41856BASIC STAR1,400

Market Value History
Tax YearMarket Value
2024 - 2025 (tentative)1,055,000                                                           
2023 - 20241,058,000                                                           
2022 - 2023954,000                                                           
2021 - 20221,046,000                                                           
2020 - 2021962,000                                                           

Note
For more information about how your property taxes are calculated, visit http://nyc.gov/assessments.


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