The city’s hot real estate market led to a whopping 9% hike on assessed property values, which will likely force some homeowners to fork over more in taxes.
The Finance Department released its preliminary tax assessments on Thursday, with most of the nearly double-digit growth the result of strong real estate sales.
Another 2% was attributed to new construction — which includes a Bronx boom.
The city uses the assessment numbers to gauge how much people will pay in taxes.
According to the city’s estimates, market values on class 1 properties — primarily one, two and three family homes — rose 7%.
Market values on condo and cooperatives went up by 11%, according to the department.