§ 5-03 Imposition of Fee.
RCNY § 5-03
(a)The Fee shall be imposed on applications for properties having an assessed value of $2 million or more when the application is scheduled for review. An application shall be deemed to be "scheduled for review": (i) for applications filed by group representatives, when the application first appears on a calendar page; and (ii) for applications filed by self-represented applicants and non-group representatives, when a notice that the application has been scheduled for review has been mailed.
(b)For purposes of this chapter "assessed value" shall mean the assessed value or actual assessed value shown on the notice of property value issued by the Department of Finance or, where a notice of revised property value has been issued by the Department of Finance, the assessed value shown on that revised notice. Where a single application covers multiple condominium units, the assessed value for purposes of this chapter shall mean the aggregate assessed value shown on such notice for all units covered by the application.
