Under Local Law 249 of 2017 and Local Law 216 of 2021, the Department of Finance (DOF) is required to
notify property owners when real estate instruments are recorded on their properties.
Under Local Law 6 of 2022, the New York City Department of Finance (DOF) is required to
report to the mayor and speaker of the city council and post on its website a report on many
aspects of its administration of parking tickets and camera violations by September 30 of each
year.
The ombudspersons provide data regarding their work at the end of each fiscal year and make annual recommendations to the commissioner of DOF regarding Rent Freeze Program operations. This report covers
the period beginning July 1, 2023, and ending June 30, 2024.
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level.
The data sources for this report are taxpayers’ CRT tax year 2024 (June 1, 2023 – May 31, 2024)
returns and CRT collections data from Department of Finance records
The New York City Mortgage Recording Tax (MRT) is an excise tax imposed on the recording of a
mortgage on real property located in New York City and is payable when the mortgage is recorded at City Register’s Office or, for properties located in Staten Island, the Richmond County Clerk’s
Office.
The rationale for the Hotel Room Occupancy Tax, first imposed in NYC in 1970, is that visitors should help pay the cost of basic services and tourism development initiatives that benefit them while here. The Hotel Room Occupancy Tax must be paid on the occupancy, or the right of occupancy of a room.
This report includes real property transacted between January 1 and Dec 31, 2023.Total 2023 liability was $1,428.3 million, including $1,142.0 million dedicated to the NYC general fund and $286.3 million dedicated to the NYC Transit Authority and certain paratransit and franchised bus operators.
This report presents statistical information for tax year 2020 for three New York City business income taxes: the Business Corporation Tax (COR), the General Corporation Tax (GCT), and the Unincorporated Business Tax (UBT). These taxes are explained in Appendices A, B, and C. Local Law 18/2017
Excel table attachment for Annual report regarding exemptions and abatements for real property (2024) New York City Administrative Code Title 11, Section 243(cc)
Section 11-224.1 NYC Administrative Code, the NYC Banking Commission is submitting to Speaker Adams its formal recommendations for the discount rate for early property tax payments, rate for payment program for property taxes; and the rates for late-payment of property taxes Fiscal Year 2025-7 files
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