Timothy Sheares - Deputy Commissioner, Property - DOF

Department of Finance


About the DOFContact UsCareersYour Rights


Timothy Sheares
Deputy Commissioner, Property

As deputy commissioner of the Department of Finance’s Property Division, Timothy Sheares oversees the operations of the Valuation, Mapping, and Exemptions units. His division is responsible for valuing over one million parcels annually for real estate tax purposes, generating taxable market values exceeding $1 trillion. The Property Division also administers 130 different exemptions that provide over $3 billion dollars in tax relief to New York City property owners each year. Under Tim’s leadership, the Property Division has implemented new technologies and outreach programs to improve its services to constituents.

Tim began his career with the New York City Department of Finance and returned to DOF as assistant commissioner of property valuation in 2011 and assumed his current role in 2015. Prior to rejoining DOF, he served as the commercial appraiser supervisor for the Nassau County Department of Assessment. He has also had stints with the tax and bankruptcy division of the New York City Corporation Counsel and as an appraiser with Jacques O. Tuchler and Associates.

A veteran in the fields of mass appraisal and property valuation, Tim is a state-licensed and certified real estate appraiser and assessor. He is the past president of the New York City Liberty Chapter and the New York State Assessors’ Association and is a member of the association’s Institute of Assessing Officers. He holds a Bachelor of Science from Ithaca College and a master’s degree in real estate valuation and analysis from New York University.