The building by the numbers
| Metric | Value |
|---|---|
| Residential condo units on the roll | 178 |
| Median DOF market value | $281,848 |
| DOF market-value range | $105,481 – $677,390 |
| Units over the $1M surcharge threshold | 0 (0%) |
| Top-unit surcharge if non-primary | $0 / year |
Every condo and co-op in New York is tested against the pied-à-terre surcharge on its DOF market value — the "Market Value" line on the Notice of Property Value (an income-derived Department of Finance figure), not the 45%-of-market assessed value on your regular tax bill. In 299 West 12th Street, that test splits the building: 0% of units clear the $1,000,000 market-value threshold and owe a flat 4%–6.5% of their full market value for any year they are not someone's primary residence, while the rest owe nothing under Phase 1 (through June 30, 2028). Phase 2 re-tests everyone in 2028.
Sample units from the FY 2026–27 roll
| Unit | DOF market value | Assessed value | Est. surcharge if non-primary |
|---|---|---|---|
| Apt 1G | $105,481 | $47,466 | $0 — under threshold |
| Apt 11B | $152,945 | $68,825 | $0 — under threshold |
| Apt 4E | $282,158 | $126,971 | $0 — under threshold |
| Apt 16C | $319,451 | $143,753 | $0 — under threshold |
| Apt 17EF | $677,390 | $304,825 | $0 — under threshold |
Owners in West Village: On the current roll no unit here tests over the $1M threshold, so Phase 1 reaches nobody in this building — Phase 2 re-tests everyone in 2028. The exemptions are real, though: a unit occupied >half the year by you or an immediate family member, or leased arm's-length for 12+ months, owes nothing. The NYC pied-à-terre tax guide covers every rule; the free check below gives you your unit's exact numbers.
Frequently asked questions
Does the NYC pied-à-terre tax apply to 299 West 12th Street?
It depends on the unit. On the FY 2026–27 DOF roll, 299 West 12th Street in West Village has 178 residential units with a median DOF market value of $281,848. On the current FY 2026–27 roll no unit here tests over the $1,000,000 threshold, so Phase 1 reaches no one in this building — Phase 2 re-tests every unit in 2028. The surcharge is a flat 4%–6.5% of a unit's full DOF market value once it clears $1,000,000; units below that owe nothing under Phase 1, which runs through June 30, 2028.
How much is the pied-à-terre tax at 299 West 12th Street?
It is charged on a unit's full DOF market value, not the lower assessed value on your regular tax bill. A 299 West 12th Street unit at the building's median DOF market value of $281,848 would owe about $0 per year in years it is not a primary residence, and the highest-valued unit here would owe up to $0 per year. DOF market values in the building run from $105,481 to $677,390 on the FY 2026–27 roll.
Which units at 299 West 12th Street owe the pied-à-terre surcharge?
On the current FY 2026–27 roll no unit here tests over the $1,000,000 threshold, so Phase 1 reaches no one in this building — Phase 2 re-tests every unit in 2028. The test is on DOF market value — the income-derived "Market Value" figure on the Notice of Property Value — not the lower assessed value. Whether a given unit actually owes in a given year also depends on use: the surcharge applies only when the unit is not someone's primary residence.
How can I avoid the pied-à-terre tax at 299 West 12th Street?
A 299 West 12th Street unit owes nothing in any of three cases: it is occupied more than half the year by you or an immediate family member as a primary residence; it is leased to a tenant on an arm's-length lease of 12 months or more; or it is sold. Conquest can model the lease-versus-sell numbers for your specific unit at no cost.
How do I check my 299 West 12th Street unit's DOF market value and surcharge for free?
Submit your address and unit at piedaterretax.nyc and Conquest emails you a report with your unit's official DOF market value (the surcharge base), your assessed value, the estimated pied-à-terre surcharge, and — if you are over the threshold — what a 12-month lease or a sale would look like. Usually within the hour.
What's YOUR unit's DOF market value?
Free emailed report: official DOF market value (the surcharge base), assessed value, surcharge test, and — if you're over the line — what a 12-month lease or a sale would look like. Usually within the hour.
Check My Unit — FreeFigures from the public NYC DOF assessment roll (dataset 8y4t-faws), FY 2026–27. Educational information, not tax or legal advice. The surcharge is the flat statutory rate applied to the unit's full DOF market value once it exceeds the $1M threshold. Unit designations are public record; no ownership information is shown.