The city estimates that when it conducts its annual valuation of all property in the city in May, it will be just 1.44 percent more than the last assessment, the smallest gain since the beginning of the Bloomberg administration.

In recent years, the city seemed insulated from dips in the national real estate market, posting several double-digit gains, including an 18 percent increase in values last year. But now, according to data from the tentative annual assessment roll, which will largely determine taxes for the fiscal year beginning in July, declining values of small homes outside Manhattan are pulling down the overall market as the effects of the country’s mortgage trouble take hold.

Precisely how the cooling market will affect revenues remains to be seen, but the data suggest that the kinds of surpluses that have allowed Mr. Bloomberg to increase spending on popular programs while saving for future costs are coming to an end. The city depends on property taxes for more than a third of its tax revenue and, given Wall Street’s woes, is already anticipating declines in income tax collections.

City budget officials declined to comment on the property numbers, but David I. Weprin, chairman of the City Council Finance Committee, said the lower assessments could lead to small increases in the tax rate or an end to the $400 property tax rebate given to homeowners for a property that is their primary residence.

“This is an indicator that we might be up for some tough fiscal times, and Wall Street isn’t helping, either,” he said. “Property values are no longer going up; they’ve stabilized, and I would expect that’s the trend we’ll see before they go down.”

Since then, state officials — struggling with escalating costs, competing demands and limited land — have had to shrink their ambitions, devising a series of alternative plans that provide a far more modest expansion than envisioned three years ago.

One of Wilmers’ paintings, “Three of Hearts,” was the focus of an episode in October and it makes a reappearance in tonight’s episode, “Hi, Society,” in which boho mom and artist Alison Humphrey has an opening at her hipster husband Rufus’ Brooklyn art gallery.

The Department of Housing Preservation and Development compiled a list of 200 buildings that have 27 or more of the most serious housing code violations and an average of five or more such violations per unit. The citations — for problems like minor leaks and hazardous conditions like lack of heat or hot water — were issued in the past two years, and the owners have either failed to correct the problems or failed to notify the city that they have.

The 200 properties are the first to be identified in the agency’s Alternative Enforcement Program, which was created this year under the new Safe Housing Law and is designed to put increased pressure on landlords to bring thousands of run-down buildings into compliance with the housing maintenance code.