Tax scandal may result in revised bills.On April 30, the Department of Finance mailed out hundreds of change by notice orders to property owners whose tax assessments who reportedly benefited from low-ball low-ball or low·ball tr.v. low-balled, low-bal·ling, low-balls Slang To underestimate or understate (a cost) deliberately: "He often took illegal cash payments from developers in return for . assessments. Of 562 properties named in the indictment indictment (ĭndīt`mənt), in criminal law, formal written accusation naming specific persons and crimes. Persons suspected of crime may be rendered liable to trial by indictment, by presentment, or by information. , 296 Class 4 commercial properties--majority of them in Manhattan--received the notice. Not all of the properties named in the indictment will be re-assessed; approximately 100 of the properties will keep their initial assessment. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a DOF See depth of field and 6DOF. DOF - degrees of freedom spokesman, the additional full market value of the properties amounts to $433 million. The assessments rose anywhere. from 1 to 10% of their originally assessed value. Property owners now have 20 days to protest the change by. notice order. Several months ago, the tax assessor scandal placed hundreds. of assessments. under scrutiny after most of the Manhattan tax assessors, were indicted INDICTED, practice. When a man is accused by a bill of indictment preferred by a grand jury, he is said to be indicted. . The DOF announced then that a joint task force consisting of the departments of finance and investigation would look into the matter. This announcement marks the first such statement from the DOF in several weeks. The DOF, spokesman said that further announcements are imminent. |
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