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Why would two apartments that are identical in size and spec and have the same percent common interest have substantially different RE taxes (15000 vs 11000 per year). Is there any way to appeal mine (the higher one) based on the lower value of the neighbors?

Yes, hire a laywer

Assessments weren't always based on PCI. You can go through the Department of Finance to have the condo's taxes reallocated by PCI: http://www.nyc.gov/html/dof/html/pdf/08pdf/condoaffidavit.pdf

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Your neighbor might hsve exemptions... enhanced STAR, senior citizen, Veterans, income level, disable. These are the most commom. There are 2/3 others.

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