This report presents statistical information for tax year 2012 for the three New York City
business income taxes: the Banking Corporation Tax (BCT), the General Corporation Tax
(GCT), and the Unincorporated Business Tax (UBT).
The findings of the Temporary Lien Sale Taskforce, required by LL13/2015, AC 11-356, incl. (i) recommendations for administrative or legislative changes; (ii) any findings or facts that support such recommendations, (iii) evaluation of installment agreements and consideration of prospective changes.
Since the average tax rate remained at $12.283 per $100 of assessed value, the increase in
taxable BAV resulted in $1,553.5 million in additional property tax levy for FY 2016.
The sale of tax liens is an enforcement mechanism used in cities throughout the
country. The New York City Tax Lien Sale program (the Program) originated in 1996
with the intent of improving real property tax compliance, and as a last-resort
enforcement and collection mechanism
In compliance with Local Law 84 of
2009. Since 2009, DCAS has coordinated with City agencies to benchmark nearly 3,000
buildings including libraries, police stations, firehouses, schools, colleges, courthouses,
hospitals, community centers and government offices.
The Hotel Room Occupancy Tax (HTX) must be paid on the occupancy, or the right of occupancy, of a room or rooms in a hotel. A “hotel” is a building or part of it that is regularly used for the lodging of guests, and includes an apartment hotel, a motel, boardinghouse, bed-and-breakfast, bungalow
In compliance with Local Law 84 of
2009. Since 2009, DCAS has coordinated with City agencies to benchmark nearly 3,000
buildings including libraries, police stations, firehouses, schools, colleges, courthouses,
hospitals, community centers and government offices.
This report presents statistical information on the New York City General Corporation Tax (GCT) and Unincorporated Business Tax (UBT). Data are provided for tax year 1997, the latest year for which complete information is available, and for previously unpublished tax years.
Since changes in market value are
phased in, previous years’ increases in market value are still being reflected in the current
year’s assessed values. As a result, overall taxable billable assessed value (BAV)
increased by 6.3 percent.