New home, Tax increases 150%?

[Kevin Ha]

Hi Guys,

I really need some help and understanding what is going on here and I appreciate all feedback and help. I'm a first time investor and I have been trying to close on a property. I finally am down to about 1-2 weeks left before it closes after a long back and fourth with the sellers. I looking at my closing disclosures and I realized that the closing cost is way higher then I had anticipated. It was for a number of reason but it seems like one of them was that the annual property tax bill was increased from $4000 to $6000. I do not understand how that is possible as before i brought the property, i looked at the county record and saw that the taxes has been around $4000. Even when going under contract, it was actually estimated to be less about 3.8k. Now, my lender is saying that the tax bill they've received is way higher. I just checked their recent tax bill and it looks like the overall tax rate hasn't changed either so I am confused as to where this number is coming from. Has anyone gone through this situation before? I'm in NYC by the way. Thank you.

Regards,

Kevin