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.
The Mayor’s housing plan, “Housing New York: A Five-Borough, Ten-Year Plan,” has called
attention to the affordability crisis many New Yorkers face, particularly senior citizens and people
with disabilities
The commercial rent tax (CRT) is imposed on the rent paid by tenants who occupy or use real property for
commercial purposes in Manhattan south of 96th Street.
An investigation into Rita Copeland, former treasurer of the Tenant Association for 51-55 East 129th St., NYC, a building participating in NYC Department of Housing Preservation and Development (HPD) Tenant Interim Lease Program (TIL), stole over $50,000 from this building.
Since 2009, DCAS has worked with 28 City
operating agencies to benchmark over 3,000 buildings including libraries, police stations, firehouses,
schools, courthouses, health clinics, community centers and government offices.
The Mayor's Press Office releases information about notable events and actions taken by the Mayor, as well as transcripts of all media conferences, radio shows, and ceremonies that the Mayor attends.
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 5.8 percent.
Market value grew slightly in FY 2013, for the second straight year. The total City-wide
market value of fully and partially taxable property increased to $838.0 billion, about 2.9
percent higher than FY 2012.
Prepared for the October 2013 NYC Financial Empowerment Conference, the compendium includes papers from over 20 partner organizations detailing the innovative ways they are helping to financially empower New Yorkers.